You are basically doing a flip first, which requires a whole different set of skills.)So, with $50k revenue, if you hire a PM, they charge 20%, so you give up $10k right away. 

You will need to determine the level you participate in your investment as well it makes a big difference. 

Big difference on how you want to maange it and go through.

Your goal of acquiring your first single-family rental by early 2025 is both ambitious and exciting.A few thoughts as you navigate this market:• Local Insight: Since regional nuances can make a big difference, tapping into local brokers and contractors who understand the Hudson Valley and Catskills can provide a valuable edge when evaluating properties.• Creative Financing: Keep an open mind to creative financing strategies; sometimes thinking outside the traditional box can reveal opportunities others might overlook.On a related note, I help investors streamline their operations by generating quality leads and assisting with VA hiring, which might be useful as you build your team and network in the area.Looking forward to seeing your progress and sharing insights along the way.

There are really great REI opportunities in different markets - markets in the Midwest and Southeast of the country are particularly lucrative - where not only are the purchase prices reasonable for most RE investors, but the homes are turnkey (new builds or completely rehabbed homes, tenant ready, systems 10 years of life remaining on them, property management teams in place) with appreciating home value AND appreciating rent.

Every program has different guidelines!

Each room will have a separate lease on it with a separate deposit following normal property management practices, and like you said, the leases have different start dates. 

Is it different like SC? 

It's about 20 miles away in an entirely different sub-market.Great price range though. 

There is many different ways, key is being consistent.