I've picked up several really good deals because a tenant operator ran the business into the ground to a point where the property owners just wanted or needed out. 

Top 3 reasons owners hire PMCs:1) No time to manage correctly2) No time to learn how to manage correcly: laws, documents, processes, etc.3) They're too nice and need someone to "save them from themselves"A good PMC can usually earn their fees by better managing the property/tenant than the owner, thereby:1) Increasing owners net profit2) Decreasing owner's time commitment, stress, headaches, etc.No matter what though, you should always plan to commit a couple of hours a month to manage your PMC.

Maybe also consider if they are "good people" that work in the community and just want a safe place to raise their family. 

In this case my plan is to use a HELOC on my primary residence to purchase the property in Puerto Rico.

My primary residence is an apartment I rent in Brooklyn NY.

Feel free to connect if so - good luck!

Welcome to the site and glad to see another fellow Westchester Resident.

The exception is: When the 2 members are married spouses who reside in a community property state. 

While buying one that’s up and running might seem a good idea - paying for speed - if you’re not quite ready, sometimes the best deal you make is the one you don’t make at all.

Investment Info:Single-family residence wholesale investment.