I never use average rehab cost/sqft because every building is different from what I have rehabbed so far in the past 15 years, but here are some general estimates for youCosmetic rehab: $11 - $25 per square footLight rehab: $26 - $50 per square footFull gut rehab: $51 - $90+ per square footThe biggest cash buyers of properties in the CLT include:iBuyers (instant buyers) such as Opendoor, Offerpad, and RedfinNowInstitutional investors like Invitation Homes, American Homes 4 Rent, and Tricon ResidentialReal estate investment trusts (REITs) like Equity Residential and AvalonBay CommunitiesPrivate equity firms and hedge funds like Blackstone and Cerberus Capital ManagementLocal and regional real estate investors and investment groups

Lets face it, some 10 or even 20 numbers you could just write it down on a piece of paper or an old fashioned addressbook...You mentioned:  "I'm assuming PM collect the payments, manages the lease, track tenant activities etc." 

Source: American Homes for Rent Annual Report for the fiscal year ended December 31, 2023, page 27 (https://www.sec.gov/ix?

Per this NY Times article, the average American knows around 600 people.https://www.nytimes.com/2013/02/19/science/the-average-american-knows-how-many-people.html#:~:text=The%20average%20American%20knows%20about,do%20you%20know%20named%20Kevin%3FPer the US Census Bureau, the average American moves 11.7 time in their life, which based upon an approximate lifespan of 84 years, works out to be about every 7 years.https://www.census.gov/topics/population/migration/guidance/calculating-migration-expectancy.html#:~:text=Using%202007%20ACS%20data%2C%20it,one%20move%20per%20single%20yearSo, if the average American knows 600 people and they each move about every 7 years, that means that the average American knows around 85 people that move in any given year.How many of those moves do you want to be involved in?

Simple numbers.Why pay $600 - $800 per month in rent when you can get a 30 year mortgage and pay much less to own.It's the American Dream to own a home, right?

It is good at receipt handling, though.Longer version:When most Americans first need an accounting software package, the one they will probably turn to is some version of Quicken or Quickbooks.

This is generally due to the fact that this is how the American housing giants – Fannie Mae and Freddie Mac – government-sponsored agencies, separate their loan programs.

Hi - American living in Belgium for 9 years.

But that assumes you have minimal equity within a LLC and you’ve operated the entity in a fashion that cannot be pierced.

Now, to answer your questions here, you cannot own property in the US in this fashion until you are 18 years old.