What’s your game plan for managing the park — hands-on or hiring a property manager?  

Let’s make 2025 a game-changer! 

On the surface, it’s a game-changer.

This also leads owners to ASSUME simpler is better when it comes to management contracts.

I wanted to get back in the game again but don’t have much in reserves that most if not all HML require.

So I require skin in the game (average is 5% to 15%) to offset this.

Also, when it comes to enforcing the lease, use a simpler approach.

I’m not in the game yet, but I’ve been diving into this to prepare for my first multi-family deal.

The losses would have spiraled out of control for me had I not been able to sell my second house immediately.I don't look back on my experience with any regrets since I know the risks we take playing this game. 

Then connect with some hard money lenders (you can find some here on BP as well as some who are typing this right now) and connect with them to understand their product type, what they like to lend on and requirements.Hard money broker is all numbers game of making relationships and helping those that are looking for financing, it starts out slow but if you get with a few good borrowers and lenders it can be pretty decent money to be made.As an example we paid six figures last year to HM brokers.