I'm a local, CT based investor, flipper, and property management company owner.  

5unit is probably manageable.  20 unit is work I would think. 

Property management is also in place. 

He usually buys in C neighborhoods and has to do heavy rehab, but he's a construction guy that also runs his own property management company, so it's 2nd nature for him.

I manage many of them in Jacksonville, and have a lot of information on them.  

This strategy can be particularly effective for investors like yourself looking to manage and expand their holdings efficiently.

We negotiated a deal with the owner for 20% Equity, we are responsible for infilling the community as well as property management (which we also get paid separately for).

I already have the market in mind (Birmingham, AL) where I’ve purchased a couple of SFHs and have a solid team in place (contractors, property manager, etc.).From what you’re saying (and I’ve heard this from others as well), it sounds like the preferred approach is to buy entirely in cash (covering both the property and rehab costs) and then refinance afterward to speed up the buying process.

A wrap mortgage is an advanced technique that a title company that works really well with investors can help you create.

As a property management company in Washington, we help owners navigate these challenges and optimize profitability if they want assistance analyzing their property or planning future strategies.