My excess cash flow per year is around $300k in cash, meaning theoretically I could do 6 deals, but in order to make that salary (HHI $722k) I need someone with the time to do the repairs and manage the tenants.

Try interviewing at least three managers.1.

Your total project cost is only ~ $143k. 3c) Your interest rate is probably going to be in the low to mid 7s, at least4) All states/areas are different, but I usually see with my CFO clients that their property taxes are higher than their insurance, with taxes often 1.5x higher than insurance.5) Lastly, I saw PM fee of 8%, are you paying someone else to manage this?

Quote from @Jose Leal: Hi everyone, I am currently working as a construction manager with a spec home builder in Texas.

It's not a hard program to learn and there are no "secrets" to be successful.We've managed thousands of S8 leases during our 24 years in the Detroit market, DM us if you'd like to chat.

I've managed a few parking facilities before, and the majority of the properties I've managed have parking.

Since you’re in research mode, getting familiar with neighborhood-specific trends will be key, some areas have strong rental demand, while others can be trickier to manage. 

Since you’re managing a Section 8 tenant and taking over property management, focus on understanding local regulations, lease terms, and effective tenant communication.

I currently have a background in Semiconductor construction from starting as a detail engineering, working to be a construction manager, and now working as a Modular MEP construction consultant in the span of 5 years.

Hi Ken,After managing hundreds of properties and working with investors (many from out of state) for over 20 years, I’ve seen Tampa, Orlando, Lakeland, and Miami all work—but each has its own flavor.