I am definitely juggling a lot, laying the foundation to eventual financial freedom is fighting tooth and nail for every inch.

Hope that question made some sense.Nik Always base the exit cap on the current market, not the purchase cap rate.

Now, if you listen carefully you will find that he too found some of the same things that others mentioned...no deals in Austin, prices were too high...but then he adjusted his approach and nailed it!

It’s all about those margins, so once you get that walk-through done, focus on nailing down your numbers for rehab.

While outsourcing overseas may be tempting, I would recommend nailing down your processes prior to teaching someone, or you'll wind up with their processes, at best. 

Is in there, but a great thing you can do now is get your "core 4" figured out - agent/lender/manager/contractor - obviously you can adjust this and do one of the pieces yourself (self-manage for example) or don't need a contractor if you do only turnkey etc but getting this nailed down early is key

@James Wise Nailed it.

Generally, I'd look for the ideal: % based mgmt fee with a cap on the value.

$500 per day penalty up to $10,000 and up to 2 years in prison for willful evasion per entityNo cap on the amount of entity penaltiesCheck with your CPA, Tax Advisor or attorney on this as it is a freight train of compliance coming!

We are lucky to earn a 9-10% cap on our outlay.The turnkey company then manages the property and gets paid the management fee and all the extra fees associated with the management, such as turnovers and lease-ups, repairs, and sometimes sales costs.