Pros include securing the desired property and strategic planning, while cons involve higher costs, financing challenges, and complexity.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

.• The confidence to believe they can achieve financial independence.It’s amazing how small moments like these can inspire the next generation to think bigger and dream bolder.How are you involving your family in your real estate journey?

My process involves two steps.

Most people cant afford that alone which means a syndicate or getting PMLs involved and doing the synd yourself. there's nothing wrong with starting with some smaller properties.

We are a boutique firm in Chattanooga and every agent in our firm is personally involved in either real estate development, owns investment properties or flips homes. 

Many states have non-judicial options where if the contract allows for it(most contracts do) then no court involvement is required to foreclose the property.

I'm in Milwaukee and I have heard of a lot of bad stories involving this type of scenario...mostly involving out of state investors. 

Same property manager staying involved (did $56k last 12 months).  

Will they have trouble making the payments to you while also having enough money to keep up with the maintenance and repairs/ tenant issues/ all the expenses involved with owning the property?