Initially, until you build a healthy relationship, you will be managing the property manager. 

The bank has priced some of the potential into the present price - not ideal, but not bad.I think your 15K return to service budget is healthy - if you get your appliances at HD, you would be able to put them on the 24mth no interest payment plan which will save you a bit of upfront outlay and allow you to pay them out of cashflow.  

They may not be able to afford it or they don't want the hassle.This last point does come with some qualification in that depending on the market there may not be a healthy supply of multi family homes driving up the price.

The good part is the local economy is very strong with a healthy job market.

In the long run it is healthy to have quality time with your loved ones- for mind, spirit and the relationship.

If you get a property at a good discount, apply a healthy down payment, make front end repairs to the rental house and have a good reserve ( 4 to 6 months rent), you could take out another mortgage and be pretty safe in regards to risk.

My grandparents were able to make a healthy retirement out of rental properties - and I'm hoping to figure out how to do the same thing. 

Hi all, I hope this forum finds everyone healthy and happy.The last forum I posted over 2 months ago was about a young family trying to make their way in the real estate business by way of property investment.

My name is Adaeze Medani and I am a senior at the University of Washington studying Sociology and Global health. I

By having 3 companies, he could build some healthy competition and do things like tell all three that whoever could fill his next vacancy the quickest with the best qualified tenant would win the right to manage that property.