Hi All,New Member, Always wanted to invest or start to invest in a rental property, Hoping to learn from like mind individuals, Thank you all!

You see individuals who buy and sell properties but do none of the work and do not manage the properties; use the word turnkey. 

yes, there are PMs that manage individual units. 

@Bernard Chouinard I doubt you can get a referral fee from a broker as a non licensed individual, but hey, I'm not a lawyer, and I am not in your state haha.

But I know people personally who have been compensated with equity in a deal for connecting individuals with deals with capital. and Vice Versa.

Individuals with a Section 8 voucher will typically seek the nicest housing that does not exceed their voucher limit.

Your time and effort understanding my argument will create a discussion many other can follow and use as a reference guide for similar individuals with similar discussions.

Impressive Rent-to-Price Ratios: Average rents for 3-bed homes are about $800-$900/month, potentially yielding 12-15% gross returns.Economic Transition: While historically industrial, Bay City is diversifying into healthcare, education, and service sectors.Revitalization Efforts: Downtown redevelopment and community initiatives are breathing new life into the city.Strong Cash Flow Potential: Low property taxes and insurance costs contribute to robust monthly cash flows.Let's crunch some numbers on a hypothetical deal:Purchase Price: $75,000Down Payment (20%): $15,000Mortgage (4.5% interest, 30-year fixed): $304/monthProperty Tax: $100/monthInsurance: $60/monthEstimated Repairs/CapEx: $100/monthProperty Management (10%): $85/monthTotal Monthly Expenses: $649Potential Rent: $850/monthEstimated Monthly Cash Flow: $201Cash-on-Cash Return: About 16.08% (not including appreciation or tax benefits)These are rough estimates, and individual properties will vary.

On the other hand, I have bought numerous properties from absentee owners that paid cash for their investment property here.

Our market is very heavy tourists, so a lot of individually owned STR condos, but honestly I've personally have had more success in long-term rentals doing the BRRRR strategy with small multi-families and B-Class SFR's.