With historical vacancy factored in, that will likely be more like $143,000 rent topline, not including seasonal A/C surcharge revenue, plus about $1,520 in laundry revenue.Expenses: Total operating expenses are running about $59,200, before depreciation or mortgage expense, and not including the offsite property manager role (me doing screening, etc).

It has good rent to price ratios but taxes are on the high side and I have found that I need to be diligent with oversight of property managers who run operations; especially with lower income tenants.

If you have a few rentals under your belt out of state and are familiar with how your team operates then I would dive into doing some value add deals as long as it's not down to the studs. 

Thank youTo add on to the other already excellent replies:- The syndicator typically either bakes their management and operations into the investment, thus making additional funds for themselves, or uses their own subsidiary or someone they have a partner deal with.

I've been operating a Turo biz under an LLC for the last 2 years and have recently decided to cease operations (For those not familiar with Turo, think of it as the Airbnb of car rentals).I was wondering if it is possible to begin operating my real estate biz under this existing LLC?

Starting smaller might help you gain confidence and reduce potential stress.In your situation, if you're comfortable hiring a property manager to handle day-to-day operations while you’re working in the oilfields, going for the 4-plex could make more sense, especially with your high income.

After you do that get to 5 million dollars in real estate that is when everything really starts gaining traction and your wealth turns into a run away train. 

That action further supports the training process for getting tenants to pay on time.Finally, I am glad that you called Forte and learned that you can now do that right away to find out what actually happened. 

@Chris Seveney I am not sure if you're hearing this more often than ever, but I hear similar stories weekly in about four markets I operate in.

As someone who started buying with buy and holds back in 2005 and didn’t start wholesaling until 2013 I believe wholesalers who operate in integrity and with character bring a lot of value to sellers and buyers in the market.however Having the resources to be able to close  on deals and then if we want wholesale them has been invaluable to our business.