Quote from @Nick Am: Hi All, I have 2 multifamily rental units that I entirely self-manage.

He get's principal and simple interest payments over a number of years.I'll manage the deal and the property.Looking to create a proforma for this that would fit a typical rental analysis but insert the detail of having private money cover the DP.

if you have proper team you can self manage. are you local to the area?

My RE investment strategy is BRRRR for multifamily units paired with Section 8.If you are contractor, property manager, real estate agent or anyone knowledgeable about Section 8 feel free to message me or refer me to anyone you know.

Managing a rental (even if it cash flows) comes with responsibilities, and it might not be worth it for $300 a month.

Here is my method I got that has done me wonders, I used the method from Brandon Turners book on managing properties:1.)

.- Community Floodplain Management: Flood zone maps are essential for local governments to manage floodplain development and maintain eligibility for NFIP participation.- Risk Awareness: Flood zone designations still help people understand general flood risks in their area.Elevation still matters under Risk Rating 2.0, but its role is handled differently compared to the old system.Under the old system, elevation certificates were often required to calculate insurance rates.

With strategic upgrades and efficient project management, we turned this investment into a profitable success, showcasing the power of smart renovations and market expertise.

BiggerPockets also has a calculator to analyze deals, and I highly recommend you start this as soon as possible, even if you are not ready to buy.

I actually have two south side chicago properties right in that pocket of Greater Grand Crossing.The key here, more than anywhere else, is proper tenant screening and property management.