residential and multifamily are not passive until you put a team in place to mange the day to day.  

For those with similar or larger portfolios how are you manging your contingency funds.

I'd keep going if I were you, get as many as you can handle to mange.

@Dawn BrenengenYes, I have mine manged by Wilson.

I see the added benefit to security and knowing before the phone rings of leaks etc, to be worth any extra set up costs as We can mange twice the number of units once a smart management system is set up.

It's not glamorous, you can't control when your workload is going to hit you, and tenants are often irrational.If you decide to self mange it is very important to get very educated.  

Quick question--I will be purchasing my first home and recently decided shortly before joining BP that I would purchase a multifamily home instead of a single family home in Ga for all the mang benefits of --house hacking as a single person, secondary income, tax write off and benefits, and start of building a real estate portfolio.

@Laticia Braxton I'm in owings Mills so the west Baltimore property would be closer to home and easier to get to from work to mange the Rehab....

We would be able to acquire a min. of 25 properties per year and should have a min. of 100 by the 4th year.These are very basic numbers, assumptions and leaving out many details ie; leasing fees, closing costs, mang. fees, repairs, vacancies etc..

We have a lot of connections for you.  1) Starting with bankers, Ron Manges from first national is great to work with.