Doing real estate and managing other peoples money from a fund are two very distinct skillsets.

I do recommend you consider Sacramento Delta Property Management as your management team.

Making sure we can manage our own properties in these areas.  

Duplexes cash flow better, have less risk, AND EASIER TO MANAGE compared to a SFH.  

Quote from @Dave Chengoue: Quote from @Wale Lawal: @Dave ChengoueIt's great to see your focus on multifamily properties and your clear plan for self-management.

Investing in real estate in actually starting, managing, and marketing a company. 

I’ve been looking into areas like Oakhurst, Mariposa, Yosemite West, and surrounding towns.If you own or manage a vacation rental in this region, I’d love to hear about your experience.

i've managed both OOS and in-person and both can be a pain but OOS is just harder for most new investors, period.

I manage hundreds of rentals and most of them are caulked every 5 - 10 years.

Here's the deal:Purchase Price (PP): $95kRenovation Budget (via HML): $60kTotal All-In Cost: $155kARV (After Repair Value): Around $200kRefinance (via DSCR Loan): 7% interest, 30-year fixedRefinance Details:After the refi, I will pay back the Hard Money Loan (HML) at 11.95% with 3 points:HML: $60,000Interest/fees: $3,585Other costs: $1,800Total to pay back HML: $65,385After the refi, I will have $84,615 left in cash.Cash Flow & Expenses:Expected Rent Income: $1,700/monthProperty Management (PM): $126/monthInsurance: $100/monthTaxes: $126/monthMortgage: $1,043.75/monthTotal Expenses: $1,395.75/monthSo my monthly cash flow is about:$1,700 - $1,395.75 = $304.25/month in cash flow.Return on Investment:Cash Invested After Refi: About $18,385 (after paying off HML and closing costs).Annual Cash Flow: $304.25 * 12 = $3,651Cash-on-Cash Return (CoC): $3,651 / $18,385 = 19.8%I didn’t account for maintenance costs since it’s a full gut rehab, and everything is brand new.