It’s a full time job (literally it’s my job) and we will self manage and probably be at 35% expenses (which is a little lower than normal as we already took care of all the capex for 5-10 years)To buy this building turnkey would be at least 2.5MM if not more.

Full remodel What was the outcome?

Developers have been on a building rampage for the last 5 years, so we've got brand new apartments sitting vacant and properties less than 50% full in many areas of town. 

This is their full time job and they collect a fee but are still able to pass along strong deals to end buyers.

This was the very first time they had rented it; brand new landlords.

But especially if you plan to live in one unit I would assume you’d save another full point in interest.

I sent you a message, I've seen this before plenty of times and am able to help you with exploring your options.

Few things to lock down:•They need to be full service with a legit staff—techs on payroll, leasing agents, someone handling PR when tenants get weird.

Hi Ven, I personally consider properties that at least cash flow with full occupancy. 

As a starting point: -If they work full time and make $700k a year -Don't want to or can't spend time self managing a short-term rental -Don't have a spouse who wants to take the lead on managing the rentals They are likely not going to directly reduce their taxable income with real estate year-to-year.