We recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

I highly recommend you study this, practice it, and apply it.https://www.biggerpockets.com/blog/rental-property-cash-flow...Property Details:Type: Single-family homePurchase Price: $289,900Down Payment: 20% ($57,980)Loan Amount: $231,920Interest Rate: 6.85%Loan Term: 30 yearsMonthly Mortgage Payment:Using a mortgage calculator, your principal and interest will cost $1,515 per monthRental Income:Average Rent for Single-Family Home: $2,171 per monthOperating Expenses:Property Taxes: $300 per monthInsurance: $100 per monthMaintenance and Repairs: Budgeting 5% of rental income ($109 per month)Vacancy Rate: Assuming 5% vacancy ($109 per month)Property Management Fees: If outsourced, typically 10% of rental income ($217 per month)Total Monthly Expenses:Operating Expenses: $835Mortgage Payment: $1,515Total Expenses: $2,350Net Monthly Cash Flow:Rental Income: $2,171Total Expenses: $2,350Net Cash Flow: -$179 per monthConclusion:In this scenario, the rental income of $2,171 per month does not fully cover the total monthly expenses of $2,350, resulting in a negative cash flow of $179.

I’d appreciate any insights, lessons learned, or recommendations from those who have gone through this process.

I recommend speaking with @Denver McClure to see what is available given your situation.

Hey Cecil, if you have the capital to operate locally, and it fits your goals to do so, I highly recommend doing that.Congrats on securing your primary though.

I'd also recommend a triplex not a duplex.

Also if you have any areas you recommend and why I appreciate that.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I’m new to wholesaling and looking to learn more about the Des Moines, Iowa market. I’d love to hear from anyone who has experience in this area.

I highly recommend an attorney to draw one up as each state and each property can have unique issues.