Finding the right GC, broker/real estate agent, and property manager is key in most deals. 

Hello BP!In 2025 I plan on purchasing my first home. Hoping to go down one of two paths:1- Buy a condo or small single family home and build equity and create value with my maintenance/construction background.2- Find ...

But sprays like this make the dust easy to manage on artificial plants: https://www.amazon.com/comeast-Cleaner-Artificial-Remover-Sp...

Loans like this can be useful or very dangerous, depending on how you manage your business.The ideal situation for a loan like this is when you have a property that will take a while to get up and running. 

Account ClosedAdding your property manager as "additional insured" is standard practice and beneficial for you.

It also adds complexity to management.

Property taxes are 650, insurance 160, outsourced property management takes 10% of the rent, and another 10% of the rent is set aside each month for future repairs. 3750 x 0.8 = 3000. $3000 profit, minus about $2300 in mortgage, property taxes and insurance leaves about $700 cashflow, when I move out.

The property was rented and generated $160 cash flow after mortgage, taxes, insurance and property management fees were paid.

@Gene PanicciaManagement fees vary, but it's not uncommon for a PM to charge fees for managing tenant-paid utilities or coordinating repairs.

This burnout led to me selling off my rentals, dissolving my business with family, and having my mother take over managing her own units.