Many neighborhoods are seeing their areas renovated while tax and development incentives are enticing many businesses to move in and grow.

They finally send someone back out to look at the property again, and this time they tell me the basement had been flooded and there is mold growing up the walls.I'm not real pleased with how the PM treated things, but now I need to deal with insurance.

I want the owner to get the cash out but don't want to make it too complex for them as they are aged and are looking for convenience.

Now it is time to get serious and make this grow. 

I've wanted to do REI since I read RDPD and Richest Man in Babylon at age 16.

What do you have them do for you that allows your business to grow?

Im seeing very little in the way of cash flow properties but wanted to seewhat you all though about my inputs.Im making a few assumptions mainly looking at multifamily up to 4 units with 10% down (I know this is low but I've found banks that'll do that in my market for properties under 500k) then I account for maintenance/debt servicing from past experience (wondering if people have a better way that would take into account property age and condition for maintenance estimates), finally I set vacancy at 1 month a year (not sure if that is reasonable either). 

For example, my rentals are in Florida and when it rains, the grass grows like crazy.  

I think that’s the ethical and smart way to grow your revenue.

You will both learn and experience so much from caring about your own property and as you grow you can always reconsider hiring a PM if you originally budgeted for it anyway.