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.

If yo plan to buy and hold, make sure you have a good property management company ready as well 

Would it be better to buy with a Land Trust?

You’ll want to be strategic about the neighborhoods you buy in and work with a property manager who understands the program.

We source off-market deals, manage rehabs, and handle property management so investors don’t have to be local to make it work.If you’re thinking about BRRRR remotely, the key is getting your team dialed in before you buy.

I don’t want to waste time (or money) bringing contractors to properties I might not even buy, but I also don’t want to go into a deal blind and underestimate the rehab costs.

@Ilan Friedman planning on buying cash or with mortgage?

That means that you can buy a property with up to four units, since this is still considered residential.

Investment Info:Small multi-family (2-4 units) buy & hold investment.

It's a good rental market for buy and hold.