Look at places like Texas, Florida, or parts of the Midwest for better returns.The key is building a strong local team (property manager, agent, contractors), visiting the market if possible, and making sure the numbers work after management costs.

If you’re willing to do the work as well as a professional management team for the same price he can keep some money “in the family” by hiring you. 

Enter the power team.

I'm an educator, a personal caocher and business advisor and since my kids has grown up 10 years ago I started doing real estae in Israel, where I live.A few years ago we went into some 3rd party investments in the USA, as part of an LLC group of investors- one in Manhattan and one in Atlanta.Based on the experince I have with those market (as well as Newtom MA, where I lived for 3 years) I lately decided to choose Milwaukee as my next market, focusing at the moment on single family houses.I'm looking into 3/2 single familiy houses to buy and will be happy to work with local agents and build a team.

Also, make sure you spend the time building a solid team (agent, lender, property manager) and run the numbers through your team multiple times.

I included in the proposal the benefits for the landlords, such as no worries for vacancies, a 5% profit share on top of the rental rate and the provision of a professional cleaning team for their property.

There were at least 4 maybe 5 individuals on Dave’s team that handled numerous things like; getting any necessary info from me and the title company, providing my account statement (proof of funds) for the sellers of my replacement, working with ERG for the exchange documents I needed to sign for both closings, and getting the 45-day form filled out and sent back to ERG.

You should make sure you have a good team in place and bounce ideas off of them. 

Once you’re familiar with the market and able to build your team, then you can dive into value-add properties.

ISSUEThe Realtor I’ve been working with on my deal since May, has left the team.