So you need more than a few years of long term normal appreciation to get your money out of it.  

Hi @Ashley Guerra If I am tight on time, REMINE can normally give me all the information I need to send over to clients. 

I've never heard of a Work Comp waiver - it's possible it exists in some states.If you have a person who would normally be defined as your employee for Work Comp purposes and they get seriously maimed on your project site I'm betting that waiver isn't worth the paper it's printed on.

It was definitely a gamble, because I was assembling furniture up until the night before their check-in :o I only had an opportunity to advertise on FF, because it was the first place we posted and it got enough inquiries right away.

Low rates made some people a lot of money but also now that rates have normalized many are getting crushed in some investments.Right now rates need to stay near where they are and government needs to slow the printing press

@Nathan Frost- correct -the " interest " only payment  is often made  monthly along with the  monthly taxes and insurance so the only thing missing from this  sort of payment  would be the  principal  amount that  would be  required  on a normal amortizing loan  (  which isnt a huge  amount  ) 

It's more gambling than anything else.

Cap rate lets you normalize that. 

I normally advise people to self manage for the first part of their journey if they can so that they can get a knowledge base to become better investors.At some point if you get to enough units self management is tough and its too costly to hire an employee so the numbers make sense hiring a property manager.To be blunt, you are going down a risky path for an investor.  

Good, market normalizing (keep reading).