Keep in mind that ROE will keep declining as your equity increases.The cash flow will be tight for you. $5,000 on the high end, less PITI, less repairs and vacancy doesn’t leave you with much.

I'm looking to connect with like-minded investors in the Tri-County Michigan area who are focused on multifamily properties.

We love real estate and love to connect with other like-minded individuals! 

Marketing and Advertising: A property manager has the resources and knowledge to effectively market and advertise rental properties, attracting prospective tenants and reducing vacancy periods.In summary, hiring a property manager can streamline operations, enhance profitability, and provide peace of mind for you, allowing you to enjoy your investments rather than being bogged down by day-to-day management tasks.A property manager will give you more time to expand your investment portfolio. 

Good Morning Sean, Would you mind sending me a list of your preferred PMs in Cleveland, OH too? 

Also, keep in mind that some lender may have overlays that are more restrictive than the FNMA/HUD guidelines, meaning the lender's internal condo guidelines require more than FNMA/HUD.

Most investors don't even need a single LLC, never mind a bunch of LLC's in different states or anonymity or privacy or an S-corp etc.

The thought of buying near colleges has crossed my mind many times: an abundance of tenants & cash flow!

Congratulations on launching Mindful Real Estate Partners, and it sounds like you and Matt have had an incredible journey so far!

I joined Bigger Pockets in the hopes to connect with like minded individuals who would like to mentor and or just overall help one another so that everyone can be confident and achieve the best possible outcome as we embark on this Journey of investing.