This fosters a top-down management approach that ensures accountability and efficiency throughout the property.As I've earned from my own experiences, the difference between a good operator and a poor one lies in effective asset management.

Ourcurrent approach involves identifying possible contact information for thelisted owners and calling multiple numbers, but this process is time-consumingand yields limited results.

The awesome Jacksonville PM uses the flat fee structure with the intention of avoiding managing low-end properties in "war zone" areas that require a more hands-on approach and pose higher risks to PMs.

JMHO  I use a similar approach to paint sheen.

Without having much info, I would need to know the financial situation of the 'close family' to determine a best approach.

well I do plan on purchasing a duplex as my first investment and once I complete my Real Estate License during the time of my service I hope to be a lot more knowledgeable and approach SFH's to BRRRR but yes I understand!

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

there you go. the problem is appraisal. comparable sales, and your approach to building an ADU against the recommendation of your market. super beginner strategy it's popular in ohio as well but just not worth the investment. 

Do you see any cases where a non-professional could safely participate in one of these with the right approach?

Anyone familiar with this approach?