But what's most compelling is that he's managed to curate a group of people who also care for each other and care about HOW they conduct business.

Thx for sharing and congrats that is a ton of success, @Eric BilderbackLike all investments there is risk to manage.  

I have been following the Real Estate Investing industry for a while and just recently decided to put my focus into it and implement a plan I had in mind for years.So I went down to Puerto Vallarta I put together a team of local realtors, brokers, contractors, property managers and a lawyer. 

Most likely those would be smaller apartments, sub 50 units.It is harder to find solid property management on the smaller apartments.  

However if you are self managing, that is work. 

The key is to standardize property quality and management systems, which would appeal to buyers seeking scale.If you’re thinking long-term, holding these properties for cash flow while leveraging local appreciation is also a strong play.

Quote from @Zara Massoud: Your new PM is correct and the old ones were wrong.The property manager must have your social security or tax ID number on file.

If you're going to run a successful business renovating houses, ultimately you being proficient at/and or managing said proficiency in estimating will be a crucial part of your underwriting.Google "how to estimate house remodeling" your hard work will be rewarded.

Written by attorney investors, it's full of practical advice about the management of investment property, has sample forms that can be edited, and - most importantly - tells you what your primary state laws are and where you can read them.

We did a bunch of research on where to purchase a turn key property with management in place.