My goal is to do this for all my 4 younger brothers once they become of age. 

It seems to be cheaper than a manager and plus they allow you first right of refusal whereas most property managers will choose who ever they want. 

We offer our services for everything from acquisition, to construction, management and leasing, and sales of investment properties.I would love to connect with other community members (especially those in the Roanoke and New River Valley areas of VA) also looking to grow their real estate portfolio and find great partners along the way.I’d love to help you meet your investing goals!

In the process on meeting with 2-3 now to choose who to work with.

It’s ok if you choose to buy something that is not quite perfect, as long as you decide it’s what you want. 

Initially, covering your mortgage is a reasonable goal.

After that I am using 5% rent increases with 60k renovation in yr1- using 20% down around 8.5% rate, many loan officers keep telling that only 25% down is minimum.. idk- yr1 goal to increase rents w renovation around 60k spend w 5% rent increase (tricky part it probably lot of rent lost while renovating maybe 2-3months) - estimating that yr1 and 2 is negative CF and then projecting positive CF w yearly 5-10% rent increasesAny ideas if this makes sense or not?

My wife and I are thinking about doing mid term rentals so a buy and hold strategy may be the path we choose.

But not sure if I'm overlooking anything else that would cause increased scrutiny.Also, to clarify, my overall goal with the property is simply long-term wealth building through mortgage pay down and appreciation so I'm not targeting properties with very high cash flow thus the focus on tax writeoffs.

My spouse is trying to meet real estate professional status with the goal of offsetting my W2 income tax.