Ideally want to break even or cash flow with the 3 tenants.

Thats kind of the beauty of thes exchanges.. you get to reposition your capital, ideally in a property that ticks more of the boxes you need.Now, thinking about older buildings.. some folks underestimate how well older properties can hold up if they’re in a good location.

And I feel the ideal portfolio can benefit from the diversification of both.I feel directly owned properties are great because they give me maximum control and the ability to tweak them exactly how I want.

I deal with manufactured, modular and site built. 

And even if you hire a property manager to take things off your plate, that process isn’t foolproof, as Gregory illustrates.Buying a turnkey property (ideally with a tenant in place), or opting for a syndication or fund, could be a better bet if you’re looking to invest outside California but don’t want to deal with the hassles of “landlording.”

Not to mention retail buyers that also buy opera properties, Our normal range is between 1300 and 1600 sq ft for single family, which we have found to be ideal for results.

So while it's not as ideal as a multifamily property, it does present a solution for those that are in the personal situation where they can. 

Generally, I'd look for the ideal: % based mgmt fee with a cap on the value.

Ideal if you're short on cash upfront, but be prepared for higher monthly payments.Conventional Loan: @Chris Seveney and I agree conventional is your better option.  

I wish there was a system for searching for STR specific things but I have only found something like AirDNA to be the closest even though it's far from ideal for that.