If using a PM the returns fall to be comparable to LTR.  

And a few who do real, sustainable business.For an industry that loves to hate on agents, it's remarkable how most of them earn less, and do nothing compared to their peerset who simply get licensed. 

Be sure to find comparable areas, asset class, vintage, and sizeGood LuckGino

@Ryan DunnYou are comparing apples and oranges.

You will quickly see how you compare in all those categories.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

Sometimes in CA it's difficult to show positive cashflow because the property valuations are so high compared to the rental income, but it is defiantly something to look into.

You live in Jacksonville which is a market that has homes at the lower price point compared to the nation.I would do one of two things1) Get a new property via 3.5% down and use the rest as reserves2) save up another $10,000 and then buy a $125,000 home using $25,000 down.This will give you $10,000 as reserves just incase something goes wrongBest of luck.

It’s worth weighing that against the benefits of accessing that equity for future investments.Since you’re considering DSCR loans, that could be a strong option, especially if you’re focused on rental income covering the mortgage—no personal income or DTI requirements needed not to mention the easy qualificaiton process compared to conventional.

I own properties in many states, and NM is not that challenging to deal with compared to Ohio, PA, and NY.Anyway, in Albuquerque, it is relativity easy to get Airbnb permits.