I believe holding a real estate license and having access to the local MLS is incredibly valuable.

MANY items are like that AND more importantly those values might differ WIDELY in different markets!

@Evan GreenfieldI am not local to Jacksonville, but I use @Ryan Robbins as my Realtor and he has been incredible to me so far.

@Heather Gates, I appreciate @Bill Brandt's shout out.  1031 exchanges are like going two miles deep in a two foot wide creek! 

And there is a wide spectrum of syndication strategies that span a wide spectrum of risk versus reward.

Everybody has to eat so I'm not going to go into the ethics of it but you have to go into this eyes wide open that public adjusting like this is not, in my opinion, a job to use to get knowledge and experience in property management.  

I do the #dalilydial, a mon thru fri daily meet up online with other new and experienced investors lead by an incredible leader, #carolinecane, and weekly guest speakers who share the time and knowledge freely.

Depending on the property and the deal, an experienced investor may want more than a 30% spread (and in some deals, they may be willing to take less than a 30% spread--for instance, if the property will produce incredible cashflow after rehab, they may accept a lower spread). 

Volkswagen Scout Brand investing $11M in Detroit, 200 new jobshttps://www.teslarati.com/volkswagen-scout-11-million-detroit-investment/Hotel Added to Hudson Site, total over $1.4Bhttps://www.detroitnews.com/story/business/2023/11/02/hudsons-site-hotel-plans-move-ahead-as-city-issues-permit/71426631007/Detroit west side Dexter Neighborhood Receives $21.5Mhttps://www.clickondetroit.com/news/local/2023/11/01/neighborhood-on-detroits-west-side-receives-more-than-215m-in-investments/Norway’s Nel Hydron investing $400M, 517 new jobshttps://businessfacilities.com/nel-hydrogen-will-build-400m-gigafactory-in-southeast-michigan#:~:text=In%20Southeast%20Michigan-,Nel%20Hydrogen%20Will%20Build%20%24400M%20Gigafactory%20In%20Southeast%20Michigan,green%20hydrogen%20using%20electrolyzer%20technology.Chase invests $200M in Detroithttps://www.axios.com/2023/09/28/detroit-rebound-jp-morgan-investmentGilbert Foundation invests $439M in Detroithttps://www.henryfordmsu.org/news/september-2023/gilbert-family-foundation-announces-nick-gilbert-neurofibromatosis-research-instituteBollinger Motors investing $44M, 237 new jobshttps://michauto.org/bollinger-motors-plans-44m-metro-detroit-investment/New Detroit Developments to Be Excited Abouthttps://www.metrotimes.com/detroit/15-new-detroit-developments-to-be-excited-about-photos/Slideshow/32734721/32735392BorgWarner Investing $20.6M, 186 new jobshttps://www.crainsdetroit.com/auto-suppliers/borgwarner-invest-206-million-create-186-jobs3 International Companies Choose Detroithttps://www.detroitregionalpartnership.com/international-investment-comes-to-detroit-region/District Detroit $1.5B Development, 12,000 temp jobs, 6,000 new jobshttps://www.detroitnews.com/story/business/2022/11/15/district-detroit-1-5b-development-to-include-housing-retail-hotels/69649853007/6 New Residential Developments in Detroithttps://detroitisit.com/6-new-residential-developments-in-detroit-to-know-about/$2.5B New Center by Henry Ford Health, Pistons owner and Michigan State Universityhttps://www.clickondetroit.com/news/local/2023/02/08/incredible-investment-in-our-city-25b-detroit-neighborhood-redevelopment-to-begin-in-2024/$300M Huntington Place Renovations & New Detroit Hotel https://www.crainsdetroit.com/real-estate/huntington-place-renovations-new-hotel-deal-reached

While initial cashflow might be difficult without a ton of value add through updating and/or adding ADUs, long term cashflow is incredible here due to historic rental appreciation.