Hi Ryan,The key is to find someone you trust, which is why Irecommend using PropertyManagement Finder.

@Justin Holley it all depends and there is a lot of flexibility.Our PMC is able to pay insurance & taxes for owners as well as utilitieis on vacant & MF properties.The only thing we shy away from is mortgage payments - too much potential liability if we pay late due to our error or owner portfolio doesn't have needed funds.Pretty much anything specifically related to a property should probably be paid via the Property LLC for easier accounting/tracking.

Jason,They'll do an estimate of the repairs and you can start with that, BUT I would urge you to get a contractor you trust involved and then they can discuss items back and forth.  

You should not be trusting Zillow for rental estimates.

Hi here some ideas: - You could increase your down payment, yeah that su... but anyways...- Try to find off market deals for way cheaper (e.g. using hard money, then refi into a rental loan)- Try to find properties where the owner will finance a big part of it and you get only a small loan with higher interest rates for the down payment.- Get a property subject to where you take over payments for a loan with lower interestfeel free to reach out and discuss some ideas

The only difference is the seller is behind on payments, which is irrelevant if the sale covers all the debt and can occur before the foreclosure sale date. 

Full trust accounting software, which is very important as it gets complicated the more you scale. 

You can use the cost of the land and the other costs you have already spent toward the down payment, so I suspect you won't have to inject anything else into the deal.

You can also bring on another investor to bring the money for the down payment and fund the remainder with debt.

To which I turn to the most trusted community in RE.Myself and two of my business partners are looking to start our journey in Real Estate development and am looking for some advice, we have experience in owning and managing rentals so none of that is new to us...just building the thing is.We are looking to start developing duplex homes across the Chicagoland Suburbs but cannot find the right person to talk to that can give us a clear idea of where to start.