If the house is staged, it would be the nicest-looking main areas.

We have a couple ground up projects in the early stages and will be taking that into account when planning.

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.

The pumper are trying to lure the last FOMO to enter the remaining stage of the game.

- How can I best estimate a breakeven point, and what techniques help maintain positive cash flow through all stages?

To safeguard against being pushed out, include provisions for mediation in case of disputes and consider filing a lien or using escrow arrangements to secure your share of profits. 

ChristianIt sounds like they are doing work for you in going to meetings, arranging contractors, and working with city ordinances. 

How much value would a web site with direct booking bring to this kind of arrangement as compared to listing on Furnished Finders, VRBO, etc, particularly if we stick with the mid terms.

Hello Taylor,           I have been in a situation and done deals where a friend is a realtor and although I found the deal, had to go through my friend as I already worked out an arrangement. 

At least until y'all make some agreements to clear that equity ownership like an inheritance arrangement doc.