At least you sold your properties at an optimal time.

@Nathan Gesner your eager optimism of enforcement is admired but misplaced.

I just had an offer accepted on a second property for $50k that really only needs lipstick to achieve optimal rents.

But if can operate well under pressure and you like building systems to optimize efficiency then you can mitigate a lot of the stress that would otherwise be involved. 

G'Day everyone,I never in a million years did I think I'd be writing this but life and business can be funny sometimes.So we hated property management for so long because it's a very "thankless" gig.Tenants complain things aren't getting fixed quickly enough and landlords complain that things cost too much to fix lolAnd the property manager is stuck in the middle.Long story short, we had to set up in-house property management because that was the only way in our opinion to have a successful turnkey operation.Fast forward 10+ years and "what do ya know"We love PM....The residual and predictable income.The recession "proofness" of the business model.The value it offers to both tenants and landlords.And off course the profit margins once you hit an economies of scale standpoint.We have also fine tuned our operation over the years to almost perfection and established ourselves as the #1 rated property manager in Toledo.Systemize, optimize and monetize is what we did.We are now at a point where we could like to focus on mergers and acquisitions.Yep, I kid you not lolI'd like to buy other property management companies that don't know what they are doing just like we didn't I guess for the first 3-4 years.Looking to stay close to home in Toledo to start.I spent some time cold pitching local companies but they are all too proud to reply in their incompetent management style and prefer to continue running a scam.Any advice from other PM owner folks that are more experienced/advanced than we are would be much appreciated.Specifically on how to find an owner interested in selling.Grazie mille for reading and I'm looking forward to your reply 🙏

Goal: Optimize towards owning multi-family properties as soon as possible.The Challenge: I was recently in a car accident that left me without a vehicle (long story), and I live in an area where it makes sense to own a car.

That way you invest in the appreciating asset while it's actually appreciating, and don't buy it when it's not appreciating... instead invest in an alternative asset until the CA asset is an optimal investment again?

This will allow you to devise a business plan to optimize the property's performance.Conservative investors assume something will pop up at the property and want to be prepared for the unexpected.

For Montgomery County investors I've seen the city as a point of contention with some citing sub optimal results in past projects as well as problem tenants giving them pause on picking anything up here.

Certainly, having a GC can allow you to free up your time to do more important things (find more deals, optimize your business, etc), and can also help you learn the process of flipping houses (how to do inspections, how to schedule, how to plan, etc), so if you're in a situation where you need the education or can better utilize your time, then by all means hire a GC.