Originally posted by @Mike Lambert:@Jon Latorre$100k+ sounds nice but it's not the same return whether the property costs $2 million or $5 million.My question was what is the typical rental yield range?

@John Cooper, it sounds like a normal tenant and a difficult landlord.

Seller Financing Offer

Purchase Terms
1. Purchase Price: $215,000
2. Down Payment: 20% of the purchase price, equal to $43,000
3. Financed Loan Amount: $172,000
4. Interest Rate: 6.5% per annum (fixed)
5....

Any advice would be greatly appreciated!   

It sounds like you’ve got an exciting plan mapped out, and I love that you’re thinking of starting a property management business while building your own portfolio—that’s a smart move.

In Las Vegas they decided it has to be away form others, have sound monitoring equipment, ban parties, AND it has to be your primary home that you live in WHILE it’s rented out .

Looking forward to your thoughts and advice.

Hi @Vincent Plant,You've gotten some great advice on what to look for in a hard money loan.

Any advice, mentorship or direction would be greatly appreciated. 

Feel free to DM me if you'd like more insights on all this (we don't do biz in Alabama so got nothing to lose).Here's some other "copy & paste" advice on how to search for a better PMC:----------------------------------------------------------------------------------------------Recommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.