In terms of the areas, you will be best served driving it.

If the people running it are self serving, that will show too.Based the on the leadership or lack thereof, REIAs may be sales oriented, education oriented, a nest for sharks, or someones personal ego outlet.

I realize this is an older post, but I just wanted to drop a note and mention that my family and I own and operate a property management company that primarily serves Palm Beach County.

If memory serves me right, 14% and 4 points.

This is a tough situation, but you’re gaining valuable experience that will serve you well in future deals.

If you are looking at it as a second home, also be happy with a breakeven scenario - afterall it will still serve as a future investment.There are calculators as @John Underwood said, on here and elsewhere. 

Of 10% management 10% reserves. not understanding asset class's. so when you get into a CD class your serves need to be doubled or tripled.. 

I will continue to be here to serve you and all clients.

I am of the opinion that you'd be better served using that money toward the down payment on a property.

I put his name on each license renewal, and I don't identify him as the owner or property manager...he essentially serves no purpose other than being a phone number within 60 miles of the residences.