You can surely hire a PM for one property, as long as you feel like the costs associated with it align with your bottom line, and cash flow objectives. 

I know when it comes to many cities there are long permit processes and also there are specific air laws that go into each city.I would love to hear a story that goes over an experience pertaining to developing/rehabbing a property in the DC area. 

The model opens a pool of possibilities for owners who are prepared to hold and manage the property long-term.

Since I am entering this field in the latter part of my life (63), I do not want 'long-term' investments as I am not interested in making millions, but having enough for the remainder of my life to 'Vive La Vida Loca'!

My focus is on providing either turnkey-style space for those interested in temporary, infrequent use or long-term leasing for business folks who require conference room space (or perhaps event space).  

It doesn't take long to learn how to spot a good deal.6.

Short-term rentals of non-owner-occupied properties will also require a special use variance which is obtainable by starting with the completion of an application in the Zoning Department."

Draws in good demand for long term rentals as well as appreciation. 

Monthly payment is 1900 with a 6.5 rate and would rent for 2500.posted in another group but realized it was the wrong one Keith, as long as your true intentions are actually to rent it out and you get a signed lease this 100% can be a DSCR.

That's the type of effort it takes from a GP if you want to see more favorable splits and even there I was unable to reach your intended 75/25 objective.