Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

It is also will allow for experience in managing tenants, repairs, accounting of the expenses etc...plus you get to keep a close eye on the property.

Sorry for the imvestors out there that had eyes glaze over after reading that, I will post some photos on my next post.Stay well!!

I’d prefer less outsourcing on behalf of the banks and fewer web portals/ apps/ servicing companies because in my experience the more entities involved the more glitches, so adding a VA and another layer of software to the mix doesn’t sound inviting.

Median home values are $170K range, Median rental income $1,275, YoY home value growth 7%, YoY rent growth 7.93%, Rent/price ratio .74%, Population 117K.I also have my eyes on Watertown, NY; Warren Robins, GA; Gulfport, MS; Knoxville, TN, Rocky Mount, NC & parts of OK.There are plenty of options out there --- hope you find something that fits your buy box!

@Jonathan Cooper - Sounds like a short-tax year is involved.

I am a sucker for houses with character/old houses, so I had my eye on it;) How did you find this deal and how did you negotiate it?

Permits may be needed for bedroom or bathroom modifications, especially if plumbing, electrical, or structural changes are involved.

Aligning Investors With the Mission:I understand the skepticism about involving investors in a mission-driven project.

@Jamie Banks The issue is as far as I know almost all Leases when ALE types of companies are involved the  insurance policy holders are listed as the tenant.