i do agree that financing is easier to mange when you have a salary job but I plan to continue to use equity lines and buy more buidings, then lines on those properties,etc.... if I ever start to get resitance doing that, I will be able to start cash refi'ing properties. i hope that the effort and time I have put into relationship management will carry me a long way.

I was able to mange all of our properties without a license, and still can.

I mange my own properties for now but could help you understand more of what Rochester, NY had to offer. 

@Wayne Brooks  I can't comment on how well small condo developments are manged here, but I can say that there is high buyer demand for them in the Boston area.Great feedback!

I live in TX and want to set up a LLC to mange my NY Peoperty and any future TX properties.  

. - I recommend mange the property yourself. you will learn allot doing so and will save yourself a bunch of $$$

They want to be in and out quickly.So, independent of the value you really need to mange the risks when doing a large development project.John Corey

It was mentioned that the Dodd Frank guidelines were passed down to the individual state level to oversee and mange.

You may find that in fact they are unrentable at any price and that's why nobody wants to mange them.

So these are my numbers based on a 150000$ offer. 1 bed rents for 500 3 bed rooms rent for not much more at 700 possably 750 we will stay on conservative side for a total of 1900. 800mth morgage, 200mth taxes, 190 mth prop mang, 175mth insurance (est), 190mth vacancy,150 mth repairs and maint.