This can lead to more opportunities and partnerships.Market Understanding: As a property manager, you'll gain a deeper understanding of the local market, which can be invaluable when you start acquiring your own properties.Steady Income Stream: Property management can provide a consistent income, which can be particularly beneficial in the early stages of your real estate venture.Skill Development: You'll develop a range of skills from customer service to maintenance oversight, which are crucial for successful property ownership.Brand Recognition: Establishing a presence as a reliable property management company can boost your reputation, making it easier to attract tenants and investors when you start acquiring properties.Cons:Time Commitment: Property management can be time-consuming, especially if you're dealing with multiple properties or demanding clients.Regulatory Compliance: Staying compliant with local laws and regulations requires diligence and can be complex.Conflict Resolution: Dealing with tenant issues and conflicts is an inevitable part of property management and can sometimes be challenging.Financial Risk: There are financial risks involved, including late payments or damage to properties.Market Fluctuations: The property market can be unpredictable, affecting both rental income and property values.Overall, starting with a property management company can be a smart way to enter the real estate space, especially in an area with a clear need for such services.

But when you dig into the numbers a little deeper, you find that the borrower is lumping closing costs and prepaidsall together.

My contact has been non-communicative and I'm wondering if he's experiencing cash flow issues and just trying to bide his time, or if there's a deeper issue and he's on the verge of bankruptcy.Any advice you can provide for this situation would be GREATLY appreciated.

Always dig deeper into the numbers (cash flow, CapEx, etc.) before making any decisions. 2% is my norm :) Are these section 8? 

Sometimes, a deal looks great on paper for a flip, but as you dig deeper, you realize the numbers might not line up as expected.

The cost of construction as opposed to buying another rehab property most likely makes this unfeasible, but it's worth digging deeper. 

I invest in a couple states and I also am a agent in new jersey. my rule of thumb for a client is when they say I'm hoping for in a sentence describing a property I dive a little deeper into there goals because it sounds like they are trying to fit a square block into a round whole.

International diversification (I went deeper on that in my previous reply above);5.

Let the reader determine which of the responses makes more of an emotional connection.Not saying that's what happened, but an interesting hypothetical... :-)

Getting down deeper into the local regulations and such is each will require networking with city officials or other investors who are already active in those markets.