Thanks in advance.Hi David,Congrats on the success with the STR’s!

As always, DYOR (Do Your Own Research) The area has a mix of stable, long-term residents and rental demand—especially with Section 8 tenants—but it does vary block-by-block.Key things to consider are Rental Demand, Property Condition and Management (a local property manager can help navigate tenant screening and city requirements)It’s not as bad as the headlines make it seem, but success here depends on buying right and the right property manager.

In the end, the project was completed successfully and sold for a profit.

Perhaps an installment sale will also achieve what you want if you can keep their income below a rate thrshold. if they are sensitive to capital gains, then think through options where you can get it stepped up. 

Con-man might not be the exact word I’d use, but you’re definitely overhyping his achievements.

I understand you want to begin a property management company but that's a difficult business which requires scale to achieve meaningful profits.

Not everyone will be successful in this business especially during times when people are essentially jumping on the bandwagon. 

You will not only achieve a status upgrade in the market of RE investing, you are given the opportunity to have the knowledge to back it up.

There are hundreds of thousands of people in this BiggerPockets community who are very successful at real estate investing and are willing to provide you with the same information as these guys, but for free. 

The cash flow that you need to achieve should be based off the rest of your portfolio and your financial situation as a whole.