Purchasing a new primary and turning my current house into a rental and looking to hire a PM but some of the fee's seem high. 1 quote - 100% 1st/month rent if i self-manager, or 75% 1st/mo rent and 10%/mo for PM to manage.Again, im new to this but from reading and talking to people there is a typical finders fee ~1000$ and 10%/mo rent if the PM manages. 

Using credit is leveraging, no?

This is the perfect situation for this.A third question would be, "is this his only property, and if not, are the other properties also paid off?". 

I have no doubt he'll transform this entire corridor in the coming decade so I'm also looking closely at Hornsby Bend, Del Valle, and anywhere in the general vicinity.These are my top two areas where you can find low entry price points relative to both current and anticipated market fundamentals.  

This can help you greatly with the additional depreciation.Ultimately, med to large MF and small 2-4s are totally different products. 

This is literally the biggest obstacle for any data center development today.

At this stage in my life, equity growth is more important than monthly cash flow.

Can this strategy work?

I'm having a hard time finding any estimating tools for this kind of a project, adding a story and multiple BR/1 BA, and wondered if there were any tools, sites or recommendations any of you have for this kind of a project. 

And how can we use this when underwriting our deals?