Since HELOCs have a variable rate, you’re banking on rates staying the same or decreasing.

Most folks are charging 10% of the rental rate for monthly PM fees. 1 months rent for a leasing fee and couple hundred for a lease renewal.

The concern with places like Irvington will be once you move out and no longer owner occupy how do you raise rents legally.   

@Scott DavisSee if this post helps: https://www.biggerpockets.com/...

Quote from @Tiffany Alfaro: Hi @Abel Curiel,Thank you for taking the time to respond to my post. 

Thank you Tim, Sorry for the late response 

Cash How did you add value to the deal?

Cody,If you want to work with a bank or lender to build on a piece of vacant land you will need to be on title of the land for at least 6 months.

., shifts in pricing, demand-supply changes).Analyze local or regional real estate data.Identify key economic indicators impacting the housing market.Stay ahead of demographic changes or migration trends.Do you have any go-to platforms, datasets, books, or even strategies that have been especially valuable?

The company I worked for even had a relationship with the property manager.