The 18% rate from the lender is the same as our preferred return.We consider this more a bridge loan as it gets us to the pre-sale stage, and we can use pre-sale funds to pay off this debt position, essentially refinancing.

You collect market rent (You might be collecting less net rent without a PM, you’re essentially managing for free.)

I appreciate the input Danielle ...I see some of these virtual mailbox companies have an app and you can see what mail has been received on the app, while others allow mail forwarding ... are you utilizing any of this or just using the physical address for your LLC paperwork to be delivered?   

Fridge filter is like a lightbulb it is a consumable that they can get or not get, makes the water better or I suppose the fridge smell less but it is not essential.   

With historical inflation in mind, that mortgage is essentially an asset.

The essentials classes are  $2000, & if you add the advanced like fish & flip, multifamily, is another $6k.

For example one person could manage paperwork and another person could be boots on the ground.

Since my scenario uses essentially turn-key condition multi-family rentals in an appreciating market ( West Coast major city ).

However, make sure to check the program’s guidelines and requirements—sometimes there’s added paperwork or inspections involved.

I'll be primarily focusing on the "Slow Flip Method" for a few months to see if the juice is worth the squeeze, but essentially, you look for distressed properties in or below $30k and sell them FSBO to people with bad credit for $80-$90k with $2k-$5k down.