Basically, flip partnerships suck unless you spend a long time being clear about the roles and payouts, etc.

But it’s OK to be realistic and aware that there are plenty of other asset classes and we don’t need to all obsess over buying real estate, especially in a market where housing prices and mortgage rates are both so high.

Account Closed our world is trending to more & more "immediate gratification".Self-showings are the result of this and owners squeezing PMC's profits to nothing.Regarding the PMA, ours is pretty long to cover everything we can realistically think of - yet, many owners freak out about it and hire a PMC with a shorter contract.How would you be reacting right now if someone had broke into your property and stole these things?

They can help refine your repair estimates and ensure your assumptions are realistic.

@Trace P. again, why would the government logically spend YOUR tax dollars paying more than market rent for an S8 tenant?

What is a realistic amount, $25k-$100k?

If you are setting aside funds for capex, taxes, insurance, or other expenses that don't occur monthly, transfer those funds to Savings each month and hold them there until it's time to spend them.

I have an idea of an initial investment and returns I would like to hit, but would love to speak with those of actual experience to see if my numbers are realistic.

This doesn’t necessarily sound realistic in a real world scenario. 

That is good but there are fewer folks looking to spend over $1000 a night on a place.This all looks like a problem waiting to happen IMHO.