How do I protect myself in this situation, while also helping a relative? 

The truth is, a good host will spend time managing each rental.

Try interviewing at least three managers.1.

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

When you say a live revenue manager, what do you mean by that? 

Hi Lenders, currently in the market for a cash flow management tool to help organize payoffs and broker commissions to get a better understanding of how many more loans I can fund on a given month.

Hey everyone,I’m Max, and I’m excited to introduce myself as a new property manager here in Charleston!

I want to know more about the area and build a team that can help me purchase and manage properties.   

Quote from @Amol Kulkarni: Has anyone used Homeriver Group Property Management in Jax and Citrus Spring.

As an owner you're allowed to manage your own properties.