With a target customer segment in mind, then you set about developing a product or service that your customer is willing to pay for that consistently meets their needs better than the competition.When we bought our two SF rentals, I used that same approach.  

Most likely in northern Milton, FL, but I'm open minded.

But really, in my mind, say you stay there and do some repairs and paint and furniture in the beginning, then maybe some time in between, you might meet those required days.

If you don't mind that all you get to borrow is 70% of what your true property value is then i suppose a HELOC isn't the worst way to go.In your situation, expect the bank to base their lending decision on what you paid for the property 6 months ago.

I'm sure others will have other input, there is no right way.Keep in mind that a tenant who has been there for a decade is worth a lot, so you may not want to go all the way up to market rent.  

The one question that keeps lingering in the back of my mind I have not been able to find anyone to discuss or explain this yet.

Thank you Jay Orlauski for putting such an amazing event together.Also, big vouch for Brad Roltgen.Jason Pritchard (Pinnacle Investments)You sparked my mind w/ marketing strategies.Doug Dart (Sayland PM).Al Williamson (Leading Landlord).Justin Vecchiarelli (Sutton Hague).Rob Boese (Boese Commercial).And all others who spoke.

I'd like to introduce myself and meet other like minded individuals looking for a reliable, trustworthy, and ambitious business partner.On the side of that, I love cycling, fitness and technology (as I work in IT).

Keep in mind in no way am I saying your aren't doing most of what a PM would do - you just aren't allowed to legally have anything to do with Leasing, so I encourage you not to refer to yourself as a PM to shield you from liability.As for the years of licensing it would take to accomplish becoming a PM (getting back to my "held by a Broker**" bit).... more good news is that you can reduce this to weeks.

Do you recommend that I set up the account first and then start finding a deal or have a property in mind first and then set up the account?