Though I would mix with antifreeze if the heat is off and your winters involve freezing.

., and in your analysis account for slightly higher PM fees.  

I am so excited to be more involved on the BiggerPockets site.

Proactive updates can prevent misunderstandings and build trust.By balancing the needs of these three stakeholders,  a harmonious ecosystem can be created where all parties feel valued and invested in the success of the property.In summary:Property management isn’t just about collecting rent or fixing issues—it’s about creating value for everyone involved. 

Gross profit is interesting because it appears to just be the difference in his acquisition and sales price and fails to take into account the other obvious cost of running that business which includes, again according to him, the cost of over 26,000 letter print, mail, post, and the cost of the lists needed to create a mailer of that size. 

Are you being compensated to do the management if there are partners/family members involved?

You would also want to ask what is your current rate, what rate can you get, what are the closing costs that are involved including points, ect.

Just make sure all pieces are accounted for regularly.

I’m sure you’ll find plenty of opportunities to share insights while also connecting with other professionals and investors who can help broaden your understanding of real estate.Looking forward to seeing your contributions and following your journey as you get more involved.

I’m also from the US so I follow that market and am soon to be involved with a couple of exciting projects in Seattle & San Diego