Purchase price: $86,000 Cash invested: $2,500 After being done with Rich Dad, Poor Dad, several podcasts (including bigger pockets), and other resources we were desperate to take action.

However, in the last couple of years, GLVAR modified their PM agreement to include an option for PMs to collect fees while the property is vacant.  

General Partner is elderly fatherb.  12 Limited partners - all children , spouses not included - cheaper by the dozenc.

Compare this to your total monthly costs, including mortgage, insurance, taxes, vacancy and maintenance.

However, the whole point of making money is to live a better life, which includes caring for family.

Build a strong team, including a knowledgeable realtor, lender, and contractors, and spend time understanding your local market dynamics, especially in areas like Orlando or Tampa where demand is strong.

Always use a title report and escrow though.It's over paying on a creative finance transaction that tends to happen. 

Common fees will include a set-up fee, a leasing fee for each turnover or a lease renewal fee, marking up maintenance, retaining late fees, and more.

Set clear expectations with them upfront—weekly reports with photos, videos, or virtual walkthroughs work well.

The scope of work included:•Interior: Major pest remediation that took 3-4 weeks.