Hi all - I'm looking for recommendations on a property manager and a handyman in Columbus, Ohio.

Hey all, I am new to real estate investing and am accumulating my resources to begin investing with the BRRRR strategy in a year-year and a half time frame. 

When they do that, they have the ability to sway from normal Fannie Mae and Freddie Mac requirements which require a certain number of years of employment and a multitude of other items. 

But it definitely works around the w-2 income problem, so that would probably be worth it.As for purchase price, we’re already going the seller finance route with a six month deferral on payments and a five year balloon, to make the renovations less impacted by initial cash flow.

I had wrapped my head around residential not around commercial, But to me the deal seems amazing - you guys tell me 8000 sq. ft building7 storefronts on an active downtown street (all rented and currently have tenants)34 unit mini storage in back lot (29 units rented - the rest of the unrented are being used by the current owner)Asking price is $798,000 and owner is ok with seller financingAfter sitting with them today the owner who is 83 said he is ok seller financing and verbally agreed to $715,000 and a 4% interest rate, 30 year note, $100,000 down payment, no early payoff penalty - my lender and real estate agent both came back valuing the property as it sits at $840,000Income = Rentals ($5075) Storage Units ($1935) = $7010speaking with the owner he hasn't raised the rent on either the storefronts or mini storages for almost 10 years - looking at comparables in the area we believe we can raise the rent and storage units easily to push the income up to $10,000 a month 4 of the 7 Tenants have been there 5 years plusCost = Including estimated payment, taxes, insurance ect. would come to a monthly of = $4450that would cashflow $2560 a month at its current with the potential after purchase and rent adjustments cashflow $5460 a monthPending an inspection the property looks in good shape with little to none improvements needed at this timeA quick background I have had rentals before on the farm we own, three houses we rented out so I have some experience) My QuestionsIs this a good deal???

We got lucky and bought a SFH in North Park right before things went wild, so we've got a great interest rate and a steal of a mortgage, considering what folks are dealing with right now.

I love where your head is at, that is exciting and a great goal. 

The reason I recommend self property management is because it is really not that hard and a lot of my consulting clients that are unhappy (or unbooked) have property management.

Newark has experienced revitalization in recent years with ongoing development projects and a growing cultural scene.

If you have a high salary and a secure profession maybe you take the risk on a break even property that is going to appreciate and rents go up (I would not put 40% down to do it) but if you are at the mid to lower range that negative cash flow can push you over the edge.