I was wondering if others with a buy and hold strategy who are closer to their property goal can share their experience/results in taking things slow, paying off debt, and how the income really starts to grow over time?

If my kids show interest in taking over I would let them do that while I still take the income.

I was hoping to get some additional information on management structure and expenses from those who have made this transition and ideally get in touch with a management company that would be interested in taking on this type of business.Thanks!

That way if you still are interested in taking the risk after everything you find out, you at least have a concrete report to show the seller about what the place needs.

I'd be interested in taking a look.

It is by intaking all the data, as well as using your own observations as to what is happening in the market place.

@Kim Meredith Hampton when you say "one person" shop is that mean leasing, repairs, intake for 100 properties by 1 person or do you mean one manager with responsible for a that team . (4 people : Manager, handyman, leasing intake) 

Andrew - I'd be interested in taking a look if still available.

Let me add in a few more pro's in taking out a HELOC to help you make a decision quicker:-If you don't take out a HELOC now and want to later, you're going to regret it when the interest rates are high-Having a large LOC available to you and being ready to jump on a great deal immediately-You can buy your next property without a mortgage, although you will pay interest (but it's simple interest, not compounding) on however much you took out of the LOC-If the numbers work on your next deal you can double down the cashflow, pay off the HELOC completely, and then take out an even BIGGER LOC for a BIGGER property = Exponential Growth.Now, mind you, my risk tolerance is way higher than most people cause I'm partly crazy, but also, relatively young so it really depends on your goals (super cliche, I know haha).

In fact, I specialize in taking over properties that are infested with drug dealers; kicking them out; and rehabbing the buildings.