You can make a lot of money, but be warned, a large % of Section 8 tenants are complete savages.

This will cost you a lot of money and time.

Where would a PMC get the extra money to hire more staff?

Never built in Houston before so take my feedback with a grain of salt but I'd put money on it being impossible to build a duplex from scratch for $125 a foot (including everything from drawings, engineering, permit fees, general conditions, labor, material, landscaping).Out here in AZ the builder cost is going to be $200 a foot at best, but add 20% on top of that for the client cost.

He is right, guarantee or not, Joe owes you the money back

Purchase price: $80,000 Cash invested: $145,000 Turning a 3/2 into a 4/2 duplex for short term rentals.

But finding a virtual employee who you know knows what they’re doing, won’t “half-*** it”  and yet won’t run off with your money might be harder than it sounds.

Also why not just run comps? 

This is essential to running these profitably. 

All of our self-storage run at basically 100% occupancy except for our most recent addition.