First, I’ll send my hopes and prayers to the seller that you can perform.

From a performance standpoint, I see a big change.

The problem is NOT the use of remote entity as any fraudulent  activity will fall back on the individual performing fraudulent acts.  

My extensive real estate experience consists of 1 flip.I have an idea and I'd like to test the waters here in the forums.

My key goal is to get educated as well as identify sponsors with a consistent track record and good operators who underwrote and have operated properties well.

Tax returns for the property are unavailable………………tax returns show consistently large loses8.

Hey Justine,You can indeed perform a cost segregation study on a property that is currently your primary residence and is being converted into a rental.

They even have a value add less than performing a garage conversion.  

Perform the same task in each app to ensure a fair comparison.Load a property with pictures and details.Market that property.See what your marketing looks like from the public's perspective.Submit a fake application to see how easy the process is.Run a credit/screening report on yourself.Enter a maintenance request, assign a vendor, and attach a fake invoice.Enter charges to the tenant's ledger.Enter recurring charges and automatic late fees.Sign documents electronically.Run owner reports.After testing a few apps, one should clearly stand out.

This can lead to more opportunities and partnerships.Market Understanding: As a property manager, you'll gain a deeper understanding of the local market, which can be invaluable when you start acquiring your own properties.Steady Income Stream: Property management can provide a consistent income, which can be particularly beneficial in the early stages of your real estate venture.Skill Development: You'll develop a range of skills from customer service to maintenance oversight, which are crucial for successful property ownership.Brand Recognition: Establishing a presence as a reliable property management company can boost your reputation, making it easier to attract tenants and investors when you start acquiring properties.Cons:Time Commitment: Property management can be time-consuming, especially if you're dealing with multiple properties or demanding clients.Regulatory Compliance: Staying compliant with local laws and regulations requires diligence and can be complex.Conflict Resolution: Dealing with tenant issues and conflicts is an inevitable part of property management and can sometimes be challenging.Financial Risk: There are financial risks involved, including late payments or damage to properties.Market Fluctuations: The property market can be unpredictable, affecting both rental income and property values.Overall, starting with a property management company can be a smart way to enter the real estate space, especially in an area with a clear need for such services.