Having the cash means you can balance a higher amount down to make sure you earn the cash flow you want monthly, but also leave some around for more. 

If they can't do a money transfer directly to your bank, have them send a certified cheque using registered mail and signature required (they could send it to your work if you don't want to use your home address). 

The first monthly interest installment of xxxxx due on or before April 15, 2024 and continuing in like consecutive monthly interest installments of this amount for a total of one (1) year or twelve (12) payments at which time the entire unpaid balance, including Principal, accrued but unpaid interest, will become due and payable.

On the surface, it appears to be a straightforward role, but it becomes far more challenging when faced with issues like non-paying tenants requiring eviction or broken systems that haven't been properly followed.As a self-managing property owner, it is absolutely doable—but success depends on treating it like a business.

It wouldn't work without requiring the down-voter post a response of at least X number of words on why the post deserves a downvote.

Even wholesaling or flipping requires contracts, and you're not old enough to sign.There are a lot of young people looking to start, and it would be nice to hear more of your story and how they could follow your process.

A scope is especially important on properties where the sewer line would be particularly expensive to replace (for instance, if the sewer line replacement would require breaking up and re-pouring a driveway, or removing numerous mature trees--these things can cost significantly more money above and beyond the cost of replacing the sewer line). 

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.

We can discuss what was required, why it was purchasable at a discount, and current value (and value after last rehab).  

Is there any particular maintenance that is required in a regular basis?