Of course our big motivation is commission but you can get commission or a referral fee or something in an off market transaction if done properly.

Take care and stay safe!

Communication and setting expectations are key to any smooth financial transaction. 

., are ONLY transaction based.A PMC has to deal with your property, tenants & maintenance EVERY DAY until you sell or terminate them.A great PMC can provide contractors and also check out properties for you. 

In addition, you would need enough working capital to pay for insurance (which will be going up a LOT in Los Angeles) and to pay for property taxes.Don't buy this unless you have substantial resources and a cash cushion to keep yourself safe.

Break evens under 4 yrs are generally a safe bet, but I prefer between 2 and 3 years.

Quote from @Jaren Taylor: Quote from @Stuart Udis: Depending on the transaction sizes you are pursuing, raising money to purchase property without debt requires either an incredible network of relationships or devoting a lot of time and effort to raising money.

Consult a real estate attorney and CPA to finalize the LLC structure and ensure the transaction, tax filings, and ownership terms comply with state laws and IRS regulations.

I'd pivot the condo to a SFR in the Boston-area, but really analyze if your vacancy is prompting you to transact, then are you really fit to invest?

When you know real estate, what can and can't be done, that's exactly what you do, get ideas, filter them through your BS Meter, apply appropriate tactics that are ethical and legal, be a transaction engineer and make things happen!