@Chris Seveney We don't plan to make money by managing the fund.

I am currently an Asset Manager for Multifamily Deals as my W-2 job and looking to buying my first deal in College Station/Bryan Area.Anyone I can connect with to pick their brain on different investing strategies? 

I think that's a great approach I have a lot of clients who self manage have no issues at all.  

Quote from @Erick Pena: A "good" rental property is one that covers all expenses (mortgage, taxes, insurance, maintenance, property management fees, and any other costs) and still leave a surplus (commonly referred to as cash flow).Calculate cash flow as: Cash Flow = Rental Income − Operating Expenses − DebtThere's much more to it, but that's the basic idea.

She also mentioned that they’ve been in real estate since 2006 and have managed over 30 properties (though this is more of a side business for them), which suggests a mom-and-pop operation.

Build a strong team, including agents, lenders, and property managers, and use tools like the BiggerPockets calculator to analyze deals.

With a few tweaks to the management structure, and with new leadership, I figure we can greatly increase the revenue.

Servicing tasks can be outsourced to administrative assistance and new agents.If you have trouble with time management make this a daily habit.

I currently work for a property management company also located in the Midwest so please reach out if you have any questions!

I am considering a purchase of a Quad unit in Ocala from Southern Impression Homes with management by SunCoast Property Management.