There's usually good locals that monitor the state forums pretty well. 

And, since this income was "realized" in 2019, I am including the $6K from this exit as cash flow for 2019.Interested in the perspective of both LPs and GPs in syndications.

Top-rated vacation rentals have highly responsive management, from inquiries to bookings, and focus on quality service.Technology has helped the industry rapidly evolve, from remote door locks to online monitoring and management systems.

--I want to purchase, rehab, cash her out and hold the 3-unit but I need assistance with the process because I don't have much time to monitor progress.

You should look at some inflation calculators to see what the purchasing power of $2.560 will be in 10-20-30-40 years.I would rather have all my properties in one good area and monitor that economy instead of 4 so-so areas.I own one SFR in Vegas that I bought in 1994. 

@Justin Schellenberg I started monitoring this thread because I have my eye on a property similar to the one you mentioned. 

In any case you monitor the property but move on to others.I just leave information with a seller or listing broker and tell them if your situation changes get back to me.

Some investors might balk at the percentage but when you factor these are low income areas and the rents are low the PM isn't making much for all the drama.If you were a PM and could manage an asset in an upscale area instead for say 8% of 2,000 rent that is 160 a month.13% of 600 rent is 78.00 a month and you are dealing with double bookkeeping, high frequency of damage and evictions, multiple trips and constant monitoring of the asset to keep it performing etc.So it's easy to see why many PM companies will not even consider these places.

If so, how did you monitor progress and mitigate risk? 

I am not sure so I will monitor and see what advice is given.Paul