Work out a fair revenue-sharing model, such as a flat lease or percentage of profits, and consider hiring a property manager for oversight.This post does not create a CPA-Client relationship.

Do you have experience “flipping” or managing rehabs, or hands-on?

@Ken Latchers how do you manage the security deposit?

We are out of state and have local property managers.

I am the program manager at Apartment Addicts and its a great multifamily mentorship program.  

It is an awesome system and does everything for single and multi family management, makes our difficult job so much easier.

I am looking for a solid real estate agent and eventually will need a home inspector, possible property manager/etc. in regards to the process.I have a few family friends which I am blessed to have mentored me the past few years in this field and I am determined/diligent to learn and grow. 

So a question, haha, and forgive me if this sounds incredibly naive - how about getting a property manager or someone else with boots on the ground to do the underwriting by visiting in person etc.

Planning for flexibility with frequent moves and understanding property management will set you up for success when you start investing in 2026.Good luck!

Working with a property manager will give you a lot of hands-on experience in the day-to-day of managing properties.