We just closed in late Dec so the financials are a work in progress but we’re projecting and tracking closely to a 55% expense ratio and should have about 11% CoC in year one through the renovation period as we get more renovated units online. 

When you speak of finding solid property management, what are ways in which you've had success with this?

I've seen a lot of bad excel templates online...

BiggerPockets is an awesome online community for anyone interested in real estate investing.

Finally, always get the credentials to access the mortgage account online and change the email notifications to your address.

We successfully did an Airbnb sub-let this summer.

As sponsor you have a VERIFIABLE track record of success in same or at least similar investments 2.

I now own a successful rental portfolio and help my clients do the same.

If a residential contractor can take the AIA system, paired with the commercial professionalism and apply it to their residential business, I can't imagine how they wouldn't be successful. 

Here’s the bottom line:  Long term success as a real estate investor or real estate business owner requires knowledge of (1) real estate principles (2) real estate finance and (3) real estate law.