Because if just a few, it get's even weirder why they wouldn't just have on-staff PM and maint. mgr..  2 properties mate No bloody idea and they should definitely self manage.I’ve always said that “anyone” can find, buy and rehab.Not many can property manage well and manage well long term.Plus, folks like having someone else to blame like a property management company.Makes their failure easier to bare haha So that’s another reason maybe why they want a PM…Maybe they are reading this thread and will head the advice from folks like yourself mate Thanks for your replies and I’ll reply back to your other encyclopedia comment in a bit haha 

Tell everyone you meet what you do and how they can participate.

Hi,I would like to connect with other "students" of Flipsystem. We have paid a lot and need to make the most of each others learnings. Unfortunately, the only way i can think of to do it freely is on Bigger Pockets. P...

The following year would be considered passive, so even if you materially participated, it would still be passive the following year and you cannot offset your W2.Is this accurate? 

We have a few preliminary meetings with some investment groups that that like to participate as  LP's.

I was doing a lot of legwork and still paying RE agent for the transactions up until got my own license.pros: no commissions in your transactionseasier qualification as real estate professional to offset high W2 of spousecan get access to any house/ easy logisticsmore control in the transactionMLS access with all the information on tip of your fingers, you can move fast with the deallicense knowledge helps to make better decisions and gives broader understanding of the industrycan legally do property management for others, wholesale (many states now making outlaw to do it without license)cons:need to take an exam (it needs preparation and to be good not just barely pass you need to study)fees you pay along the way (MLS, brokerage(I signed with investor-focused on and have a monthly fee and a transaction rate))self-management including taxes and feesneed to relicense + paid education

Or maybe it barely cash flows now and you say, "We get rates are high right now, but we want to be able to do an interest rate reset one time in the first two years we own the property once mortgage rates come down and base it on a known market index.  

I mainly think of my wife and children....What would be the bare minimum of what you would have?

I mainly think of my wife and children....What would be the bare minimum of what you would have?

In Oakland, dilapidated structures can get by with a bare minimum of state required maintenance for decades.The very policies that are intended to protect tenant rights, over and over and over again, seem to backfire, helping only tenants who stay put for decades, and in some cases who maintain a residence at thousands of dollars below market in the rent controlled city while also living in another location.