If you can manage 80% LTV you can cash out refi with Fannie Mae with better rates.

Hi all, Very new to real estate, property managing, landlording, and all of the above. 

They can help provide the capital, and you can manage the property.

G'Day Matt,You can only do so much with online research.IMO the online stats and demographics often times don't paint the correct picture.This especially tends to be the case for tertiary markets.Finding folks on the ground that "live and breath" the market is your key to success.Those folks on the ground are the one's that bring the "online stats and demographics" to life per se.They will know more accurately what's going on in their local market pretty much on a daily basis.I've always said that you can research online and find a market that has the best growth and cashflow potential.Find a property for a great price and on a great street and in a great area.But if your property manager or contractor are incompetent or cheats.You will loose money.So start with finding the right people first before finding the right market or deal.Just my opinion.Thanks 

I have just begun my first experience with a property management service.

I am looking for Property Manager recommendations for Evansville, Indiana. 

I was wondering if anyone had clear SOPs written out for the property management side of things that I may be able to reference?

talk to the dept of health first (records requirements etc), establish what upgrades/maintenance required, line up a reliable repair/handyman/type person, consult lawyer, and then make your offer, see if you can buy the land it's on via lot line adjustment (ideal scenario). a lot to be aware of, such as system upgrades or county code changes bringing in the requirement to add metered connections to an older small system, for just one example.Otherwise- owner doesn't want to manage, I doubt you really do either but could be wrong. 

Is there anything I should know about managing senior living rentals/buying in these communities?

But if you are trying to teach yourself pivot tables instead of hunting for deals or managing the properties, then these are a detriment.The thing with any analyses you perform, they are ultimately done for the benefit of the people viewing them.