@Jason Brown - I'm a CT based investor, flipper, and property management company owner.  

Unemployment was high but I had savings and managed to find work.

The clients we work with who have found success letting us help them find highest and best use of properties, then we manage them for a year, and then pull out 60-70% of their money, and do it again - rather than waiting several years for a home run hit. 

I am based in Virginia and licensing requirements here seem manageable.

There are also online platforms that will handle managing security deposit compliance, refunds, etc. like rentable.com

At the time QB was not the best for property management.

:)Just kidding.1) Stock market: may want to do this while exploring other options, just make sure funds are easily accessible2) Buy Multi-unit: two basic options:- Buy turnkey: may not cashflow for 3-5 years, depending on your management skills.- Buy someone else's problem: can you fix their problems?

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.

Quote from @Geoffrey Paugam: I suspect there are many managers there, but maybe not any good ones?

Hi Cecil,We're based in Redding as well and operate Authority Property Management.