From a leaky roof to a backyard jungle, it was a crash course in problem-solving and patience.I bought it for $145,000, powered through the chaos with a hard money loan, and sold it for $180,000.

Just curious.If you are going to pay a PM, just be aware that you might not make any money on it.I just use a spreadsheet.

I am the boots on the ground and provide all of the time and my partners supply the money.

Trust me; you don't want to miss those crucial dates and risk losing money or even blowing the whole deal.

I used a hard money loan to purchase this off market deal.I rehabbed the upper two units within two and a half weeks and have a renter already lined up for one unit.

If it wasn't for me having enough savings, I don't think I would be where I am at today.

Real estates makes money when you purchase the property.

Eliminate debt, establish a budget, and save.

Im not really sure how to save this deal...

Top 3 reasons owners hire PMCs:1) No time to manage correctly2) No time to learn how to manage correcly: laws, documents, processes, etc.3) They're too nice and need someone to "save them from themselves"A good PMC can usually earn their fees by better managing the property/tenant than the owner, thereby:1) Increasing owners net profit2) Decreasing owner's time commitment, stress, headaches, etc.No matter what though, you should always plan to commit a couple of hours a month to manage your PMC.