So, in actuality the divide between “good” PMs and “bad” ones is probably no different than any other service provider, be it real estate broker, mortgage originator, etc.The key word I has in my sentence was MAY; as in MAY be hazardous to your financial health.  

Everything was progressing smoothly until I met the appraiser to provide access to the property.Right away, I sensed something was off.

With some changes to the management structure and leadership, I believe we can significantly increase the revenue potential while providing a positive impact.

Personally, I advocate for a long-term investment strategy and would recommend investing the funds, provided you are comfortable with the expected return on investment over time.

Happy to provide more info or photos.

Of those two, I actually like the first one better because you have a competitive advantage to that market and the amenities you could provide.

House hacking will provide you with an onramp, though, and make it much easier to get started. 

There are too many factors to consider to just provide base rates for what you're asking. 

This way, your current rental stays a cash-flowing asset while providing leverage to grow your portfolio.

All that to say, I'm not sure when they will want to cash in and sell the lot due to the appreciation the subdivision has provided.