This is an integral part of most CRE investment strategy to boost their cash flow, even in year one, before stabilizing rent.

For instance, I would not have gone/finished grad school or had the mental room to be geographically mobile, among other things.Long story short, investing just to invest does not always put you in a better position. 

I boost capex to 10 percent if there is deferred maintenance or the property is older than 1970.I boost maintenance to 10 percent if property located in a “C” grade area or below.Best of luck

It's close to Southampton and you can self manage to save some money and learn the basics, because later on if you decide to hire a PM you will know what to except of them, you will know rules a regulations and renter's mentality.

Sounds like you already are somewhat of a flipper with the mentality you have of buying distressed homes and improving them.

Currently, I am a licensed mental health therapist- so a very different field.

It makes it cheaper for them and gives me a slight boost in cash flow.

So just make sure you are in the game with a long-term mentality and build that trust patiently and by consistently adding value.All the best!

You basically have two mentalities to this question.

I am leaning towards a raising money approach here but when you take that same old school mentality of building relationships and actually giving a sh@t about people and their lives you bring that to the sell side and buy side for say wholesaling or even sellers of big multifamily or even broker relationships or PM company relationships.