And always  remember to operate with integrity  Thanks Tim!

Some don't require you to have a property management company because they operate like a hotel.

I’d search out an established local operator and pay them to operate it.

Without an operating document, it's unlikely they could sue you unless it's in the city rules that all homes are responsible.

We've also launched a gourmet mushroom grow operation and plant nursery.

What strategies or systems have helped you grow from your first project to a scalable operation while managing risks, timelines, and financing?

So, 400k - 500k sounds like lots of money but if you wanna operate in the 300k+ entry point it get can swallowed up quick.One strategy I'd try is to be a buyer at the auctions, win a bid on a good house, close on it in cash (you should be a great deal under market value) and then get into a delayed purchase bridge loan product which will cash you out a certain percentage of the purchase and supply the rehab funds. 

Mine was above so wasn't costly to do - $3k but if they have to dig to add the larger wire, it'll be more.

I ran my own proforma and used an 8% vacancy rate and a 35% operating expense margin, which are the %s that most banks my clients work with use to underwrite their DSCR loans.

The next question is whether the property has the zoning to legally operate as a 2 or 3 unit building.