every deal they capture, the managers buy if its an actual deal.They have been in business FAR too long to still be using "agents" who aren't even agents and turning them over constantly.

He lost his job, ran out of money and stopped the project for 6 months. 

Currently weighing options for a property management software. 

I’m wondering if it is worth it to hire a property manager or to save money and manage the property ourselves remotely.

I've been using 309 Property Management for over 3 years. 

If you are an experienced real estate agent or a property management company with local expertise in the Jacksonville market, I would love to connect.

However, this approach may require a compelling story or project to attract contributions.Some people opt for personal loans to cover the down payment, though this can come with high interest rates.Lastly, some private lenders may base your loan amount on the property's as-is value rather than the purchase price.

Purchase price: $155,000 Cash invested: $215,000 Sale price: $417,500 This single family home project was a personal flip project.

Anyone doing any multifamily project and looking for any partners would be awesome.Thank you in Advance.

But per lot it will cost roughly the following:$1,500 Electrical poles, meter installation $2,000 water taps and connections$5,000 grading and land prep$8,000 septic installation (assuming a 1:1 ratio of homes to 1000 gallon septics)$5,000 down payment on each home ($700-750 / thereafter per unit)$21,500 total set up x 17 = $365,000Ongoing expenses after development would look something this for POH model: $12,750 a month in mobile home mortgages (17 x 750 for PITI on each unit) $1,900 a month in land mortgage PITI (house) $3,000 a month landscaping$2,000 a month in reserve emergency fund$2,200 management$21,850 a month total expenses $262,200‬/yearOngoing incomes after development would look something this for POH model:$27,000/month ($1500 x 18 {17 mobile homes plus house})$324,000/year324k-262,2k = 61,800 net pre-tax profit or $5,150/month.Opportunities to reduce start up expenses: Bulk deals with the government or contractors for doing all the work at once (electrical, water, land grading, septic) Trade free rent for someone to mow and landscape (turning a $3k event into a $650 event every month).