My guess is, with a maximally frugal approach, mid 5 to low 6 figures to create, and high 4 to low 5 figures annually to maintain.

Property Management: Tips for managing your vacation rental remotely and ensuring a seamless guest experience.Pricing Strategies: Maximizing rental income while remaining competitive in the market.  

Maximizing profits when selling an investment property involves strategic planning and execution.

I'll also be adding value to the property to maximize rent.

We are considering strategies to maximize the cashflow from a similar 12 month lease.

Don't forget to add an adviser to your team to work with your CPA/tax professional to maximize the tax benefits available on each and every project.

Hi Michael-Great question and an important skill for investors to understand.I recommend the ABC's of Real Estate Investing by Ken McElroy and Ken's YouTube Channel.If you are an investor, I recommend finding and using a good property manager for your properties as soon as possible to maximize your return on investment and make owning as passive as possible.A good property manager is a key part of your real estate investing team.Get them involved early in the underwriting process of a potential acquisitions and the planning for adding value.To Your Success!

One common distressed seller I've been finding are landlord-managed multifamily properties that have a commercial side and residential side in C/C- areas.At first glance, they have good cash flow... but they come with a tangled mess of existing tenants who pay way less than market value and usually have a longer term lease on the commercial side, meaning you'll have to sink in a lot of time and energy to maximize their profit.It seems like it could be a good niche to go after if you know how to maximize the cash flow OR it could just be a massive headache and money sink if approached the wrong way. 

TLDR: not sure how to maximize about 380k worth of cash in the next 5 years or lessFamily is well off, and will be giving each child 250k after our nana passes, and once they have a primary residence and can qualify for it w/out help from the family.

This would be considered a parent child listing and is a great way to maximize a property/properties!