You're ability to manage is what will make or break this.

I wouldn't invest in an area just because you have a child going to school nearby.They will only be in school for a couple of years and then you have a rental 100%Who will be managing the property - Will it be you or will it be your child?

I was a property manager for my mother’s investment properties before she passed with dementia, and most of her tenants paid on time, except for one I had to evict.  

I am committed to managing the project diligently, ensuring that every aspect of the rehabilitation process is executed with precision and efficiency.I am open to discussing various investment structures and terms that would be mutually beneficial. 

In future years’ budgets, the association should consider budgeting for an Operating Contingency (funds not earmarked for any specific expense) or should consider creating a line item specifically to fund Prior Year Equity in order to bring the balance into the 10-20% range.If the board doesn't know what it is doing financially then they need a management company that does along with an accountant that understands how HOA's work.

This will be our first property to self-manage. 

Then why do you have a 10% management fee?

Many of the lakes have local STR management although not cheap.  

The examples were very real world and they even provide a lot of excel and word tools for different aspects of the process that I will now use moving forward.They have more that covered specific parts such as project management, development, property management, etc.

Hey BP Community,I have a rental available in a C class neighborhood and my property manager let me know that a mental health organization wants to submit an application.The property is a 3 bedroom SFR and the organization intends on putting in 3 children to start between the ages of 11-17.