Quote from @Dave Chengoue: Quote from @Wale Lawal: @Dave ChengoueIt's great to see your focus on multifamily properties and your clear plan for self-management.

We run into this especially at out parcels in grocery anchored centers, and our users generally can't make a ground lease work for the business case so the next best thing does tend to be the BTS or we often do Reverse BTS deals where the majority of the building design and management etc is done by the tenant. 

Do you think purchasing a property in Philadelphia, PA, and managing it remotely from Westchester, NY (Roughly 2-2.5 hours away) with the help of a local handyman would be too much of a stretch?

I am based in Virginia and licensing requirements here seem manageable.

I follow the letter of the law( no matter how much I may not like it) that's part of my risk management and my reputation.

Typically corporate/bank owned homes are managed by an asset management company.

I currently manage a long term rental and working on a single family home fixer (will probably convert to rental in the future) in Cali.

I have a few rentals with section 8, and they are professionally managed.

One reason was the condo management company wasn't doing a great job and there were always extra levies. 

As someone who occasionally works with these investors, I always try to emphasize the challenges that come with real estate like managing renovations, dealing with tenants, and navigating market fluctuations.