To scale this route you need to have a good system in place to ensure you are profitable.

Also, the whole point of hiring a PM is to handle tenant, maintenance, and rent collection, so if your partner isn’t actively managing but just supervising the PM, IMO not worth having a two people essentially looking over the same tasks.Contributing financially for one person and the other having no financial stake raises decision making questions, such as when to sell, how profits will be distributed, etc.

Happy profits!!   

Don't split the work between multiple contractors if possible, finding one to do all or most of the work will keep prices down.Challenges were finding replacement pieces for certain items as manufactured homes were very different than stick built as well as going through state guidelines for affixing the house to the land Hey @David Jesperson, welcome to the BP Forum and congrats on completing your first solo deal AND making a nice profit!

Sharing leases, profit and loss sure but no inspection. 

I was profiting over $20k annually.

Any amount you purchase less than you sell, or any amount of cash you take out is considered to be profit. 

., they are making a profit margin on that hourly charge.Another way PMCs usually make a markup on maintenance, is that they send you all invoices on their letterhead, or from a maintenance company they actually own.

It's a progression but the key is to take the smallest of incremental action each day and it will sum up to something incredible in years.

If you net a $300,000 profit from the sale of your current you could in theory invest in a $1.5MM property.