I'm looking to build a spec single family, the problem is that I don't have W2 income as I'm transitioning in my career.   

Impressive Rent-to-Price Ratios: Average rents for 3-bed homes are about $800-$900/month, potentially yielding 12-15% gross returns.Economic Transition: While historically industrial, Bay City is diversifying into healthcare, education, and service sectors.Revitalization Efforts: Downtown redevelopment and community initiatives are breathing new life into the city.Strong Cash Flow Potential: Low property taxes and insurance costs contribute to robust monthly cash flows.Let's crunch some numbers on a hypothetical deal:Purchase Price: $75,000Down Payment (20%): $15,000Mortgage (4.5% interest, 30-year fixed): $304/monthProperty Tax: $100/monthInsurance: $60/monthEstimated Repairs/CapEx: $100/monthProperty Management (10%): $85/monthTotal Monthly Expenses: $649Potential Rent: $850/monthEstimated Monthly Cash Flow: $201Cash-on-Cash Return: About 16.08% (not including appreciation or tax benefits)These are rough estimates, and individual properties will vary.

So now, to my question... has anyone successfully developed a Property Management company to help them transition into the REI world? 

For the investors I work with, I send my flippers to certain neighborhoods (Near east side, Crown Hill, Mapleton Fall Creek) and my LTR investors to other areas (West side, Christian Park, Martindale-Brightwood) -- there are some transitional neighborhoods that work for both (Brookside, Little Flower). 

I'm looking to transition into the world of property mgmt.I just passed my real estate exam, and now it's time to find a broker to hang my license with.

Our approach is investor-focused, ensuring that each build not only meets but exceeds market demands in terms of both quality and potential returns.I'm curious—how have you found the transition to handling all three aspects of development?

What advice would you give a newer investor (with rehab and buy-and-hold experience) transitioning into the land development/building industry?

Transitioning into hard money lending is a natural step given your experience.

Hi everyone,I currently own a few rental properties, but I’m looking to transition into real estate syndications.

I knew I had to make a change.In early 2019, I transitioned to leveraging the MLS instead of only relying on the cash buyers list.