We have a condo that we plan to keep as a rental and start building a portfolio.

The appraisal will kill the deal if you plan on refinance with a DSCR/commercial lender.Want to sell?

We plan on making this our primary residence. 

Most of the administrative tasks such as posting rents, verifying applications, paying contractors, payroll. human resources, paying taxes, paying owners etc…. are dealt with at a higher level with the corporate office PMC

@Jerry SanfordCongratulations on planning to buy your first home at such a young age!

I would make sure you have a solid plan and exit strategy if you are using a credit card to do this.

This was just 2 years before the original exit plan of the GP.

Unless you plan to pair it with a construction division or can build out a brokerage and the property management is utilized to bring in and/or retain business, it's not a great business to be in if you plan to manage 3rd party assets.

Apple is planning to delay the start of construction of their new campus 4 years, from 2026 to 2030.

Who is your Third Party Administrator.