The key is you need to make that investment but also like any investment, realize you can lose it, especially if you are not experienced or do not have a plan.

Otherwise, I am the guy who answers questions, texts guests etc.The key to self management is setting things up and maintaining.

I am just going to have enough passive income to do the things I want to do without having a w2.The key words seem to be "if needed".

@Diogo Capela can give a more detailed view on some of the legal adventures we had with this property but, to summarise, my key learnings from this deal to date: 1) Get confirmation that the entirety of the property is on the Camara (town hall) plans and fully legal.

Many people just ask the rates because that is the probably the only factor they know, so it's important educate them how several factors can also influence the rates.

Building Strong Relationships: The Key to Property Management SuccessIn property management, success isn’t just about managing properties—it’s about managing relationships.

It’s simply a place to start your own research or to give to your attorney if you need to find out if it applies…https://amihousebuyers.com/selling/disclosure/#:~:text=Key%2....Do you have to disclose water damage when selling a house?

The key?

Now have a portfolio of 6 properties with some that are owned others just managed but turn key operation for sure. 

In multifamily here in Reno, NV (just over the hill), we have seen some great deals with higher cap rates for buyers, but also very low cap rates on some renovated, turn key inventory.