I'd be able to quit my job and do this full-time if this can work! 

Some numbers:Expected 2026 income after raising rents to market value and assuming 7% vacancy: $144k.Expenses: $14k property management, $18k property tax, $10k insurance, $10k utilities, $8k in repairs/maintenance/advertising/admin/etc: Total operating expenses: $60kNOI: $84kBased on 6% cap rate that brings the valuation to only $1.4m, or $1.5m based on 5.5% cap rate.

There is so much that goes in a business, rental rates, rental tax, inventory,  job costing, payroll, business analytic reports etc, QiuickBooks does handle what I have mentioned here. 

I see a conflict of interest in your role as fund manager and principal in the “operating” company.

GC's are all very well prepared in contracts now post covid, so there will be job stops when there isn't $ to cover those job cost runs. 

@Ricky RigsbeeI got the analyzer and it does a good job assisting you with your underwriting and the different scenarios you can generate for comparison.

It sounds like you may be a better fit for a smaller operation that still offers guided tours.

You need to know what to look for, what to address, and have solid buisiness acumen to run a MF operation of that magnitude.

I don’t know, if you just want a job I guess arbitrage could work.  

@Jay Hinrichs exactly the risk is even more than traditional development and the profit is actually less with more operational headaches.