I'm originally from San Francisco, CA and started investing in 2021.

You will have lots of expenses with the formation of a new LLC, lawyer fees, costs to start up payroll for this company, workers comp, new insurances, immediate repairs, etc.

I too am originally from LI .

Expect to pay WSJ Prime + 1 point or therabouts from a traditional bank on interest and 1 point for the origination whereas you will be a few points higher on the origination and the rate through an atlernative lender.

I doubt you will make enough to make it worth the management fees and stress when you can make and take a tidy profit and invest that into multiple investment properties and use the VA loan to buy your personal residence where you are going.

They just keep sending the same original invoice.

To answer your original question, definitely option 1.

Does your PM have someone that can walk the property with your realtor for a nominal fee?

Partnered with the original investor on an empty lot already zoned for 50 manufactured homes and an area for storage units, etc.

2 of the other investors are sharing property management responsibilities (and are being payed standard property management fees split between them).