Here are some of the main questions I have:1.Percentage of Income: What percentage of monthly rental income do property managers typically charge?

If the profit margin after rehab and selling expenses is substantial (typically 10-20%+), flipping may be better.

FYI in cleveland when the city sees the owner as an out of state entity you are put right in the cross hairs and they will literally go measure the grass and fine you and make it a criminal offense. so in cuyahoga county yes i agree to use a LLC but I would do an ohio one.

Airbnb’s structure also offers a layer of protection and can sometimes reduce the risks associated with traditional long-term tenancies.Wait to Transfer: Some lenders may be open to an LLC transfer after a seasoning period, typically a year.

Here are a few prominent ones you might want to consider for your BRRRR strategy:19153 - 19 DOM19152 - 26 DOM19154 - 28 DOM19115 - 31 DOM19118 - 34 DOMThese areas typically have better tenant demand, meaning properties are rented out faster compared to other parts of Philadelphia, where DOM can exceed 50 days.

I was under the impression that it typically is a lower cash flow then STR which is why I haven’t don’t any investigation.

Moving your mom in might help with the FHA question, though FHA for multi-family typically requires you as the owner-occupant to live in the property.Keep me posted would love to hear how everything turns out!

Typically these type of projects begin with hard money and then refi using a conventional loan.

Even a typical water heat replacement would set you back signficantly.There's plenty to the puzzle that i am unaware of but with what you've outlined here i would consider passing on the property.you know you need managementyou know you need to remove at least one tenantyou know cashflow is meager after considering management.i personally wouldn't recommend a client take on the risk for such a paltry pay out out of state.Even when considering long term appreciation the average amount of headache one assumes with a property will bog you down before the long term play pays off.

To get strong suburban core with a good B to A location typical is 2 million and up in price.