In that case you need to review the house rules and check with management.

You left out information that maybe relevant such as taxes/insurance per year, maintenance cost anticipated per year... plus other expenses depending on rental such as management fee(if you aren't manager), advertising cost to acquire renters, etc....

Acquiring multifamily buy/hold rentals to establish cash flow as passive income. (1 within the next year, 2 more the next year, 4 more the next year) Find my capacity to hold and manage before relying on property management.4.

But you’d have to target the <5% that are privately managed by newbies.

I didn't get my money's worth from MFM.Update: Nov 2024- they have restructured their program to have 3 paths: acquisition, capital raise, or underwriting - and have a 12-class program for you to follow for each path (what happened to asset management??).

I would consult a real estate agent or property manager on the price for the rental even if you plan to self rent and manage.

I am based in Ventura and have experience managing rentals and we work with all kinds of investors in addition to being an investor as well. 

It's usually much easier to pay a small monthly fee to have a professional manage your property.

I've seen some success in similar markets, especially with a good strategy for finding deals and managing costs.

Its not a core business problem, its a incompetent management problem