I am also a project manager and a architectural designer for a real estate developer in NYC. 

Quote from @Polat Caglayan: How much do I need to invest for a house and a thousand dollar income?

Similar to your situation, investing in prime location is Raleigh area has also gotten expensive (not as much as Bay area) and as such, I extended my investment portfolio to nearby suburbs.

Hey guys,This might be a super basic question, I'm still very new to wholesaling.I've been a Utah realtor for two years now and a beginner investor.

There are several 4 plex properties under 1m and a nice 3 plex, fully renovated for 900k.

Basically - I want a PM who keeps the property in good shape and occupied to get paid, and a PM who is either bad at maintaining properties and finding good tenants, or just really unlucky, to not get paid.- PM charges 8% of rent, which escalates to 10% if the property exceeds 95% occupancy with rent collection. - PM charges minimal fees.- PM is contractually obligated to perform annual maintenance/inspection to keep property in top shape. - PM provides a cash based accounting report every month, for every unit under management, that clearly labels all rent, all expenses, including management fees, and the net directly ties to the amount of money deposited into my bank account.- PM is a licensed handyman, or has them on staff, and takes care of most unit turn work at a reasonable rate. - PM has no breakup/termination fee- PM does not take project management fees, except on large or complicated CapEx projects exceeding $5,000. 

I don't have any specifics but as someone who is into tech, accounting/finance, and a consultant to grow businesses.

These are professionals with additional training and a stricter code of ethics.

@Kenneth Joseph PerfidoFrom my experience, you’re in a great position with your Newport property, strong cash flow, and a low 2.8% interest rate.

As an investor and a commercial real estate broker I would not expect a buyer  to spend a dime on due diligence unless the buyer/seller come to an agreement on a purchase contract.