When Property Management is boiled down to it's most base root core, it is Conflict Resolution.

Thanks for sharing your compelling story.

But the numbers don't seem compelling to use my 100k to essentially subsidize others to live in my property.  

Gardner, MAPurchase date: 8/31/2020Sale date: NEVER (we plan on holding this one & making it one of our core holdings)Renovation expense (projected): $123,000Profit (projected): $20,000 (we expect to cash out refinance at 70% of ARV, so we should be able to payoff the entire loan, get the money that we put in back & get an additional $20,000 in cash out) Cash flow projection: +$1,000/month ($1,800/month ‘all in’ expense with $3,000/month in rents)How did we find it?

Do you have access to core logic?

To keep things somewhat brief, my partner and I plan to eventually start a fund as a REPE, after a few years of building out a diversified “core” HFI portfolio, but don’t plan on investing other people’s capital until we’ve had some experience managing our own mixed asset portfolio for a few years.

Perhaps a CORE strategy, buy in the best areas, and do not get leveraged to your eyes. 

I consider this banker one of the first members of my core 4 and he's been mentoring me as I jump into the deep end, but even then do you think I should shop some more for a bank that offers a heloc?

Its crazy that lot values in some parts of the core of the city is over $550k... yeah lot value.

When a tenant was late on their rent or had a situation we felt compelled to help them after all they were struggling. so we took money from our jobs to pay what was necessary to keep these houses going after all we had mortgages, taxes, and insurance bills. but very erratic income.