@Jason LeAs a private money lender myself, if anyone offered me a meager 6-12% for a 6+ month project Id openly laugh at them while shredding their paperwork.Russian T Notes pay 14%, are backed by 400B USD, and another 6Trillion in other currencies.REI is a major risk, especially in this market for flippers.

Thank you for your replies @Matthew Irish-Jones and @Jacob Lea-Kelly - my overall concern with property management companies is the immediate sink in cash flow.

Because you are not LISTENING to me.For 5 years have I been showing my results, showing my screenshots, my theories my teachings... but what do I see.. people skipping right over my responses and then replying to the guy that tells you to go drive for dollars or do Direct Mail Marketing.The reason you are not as handsome as me (and getting many leas.. very related btw.. handsomeness and lead generation.. look at me.. see proof!)

The term of the lease is important and you don't want to scrimp on due diligence on a 5 or 10 year leas!

@Jacob Lea-Kelly you are right and I agree, it's tough and I feel that I was an easy target because I lived some 4000 miles away from the property.

My current obsession is building vintage motorcycles into cafe racers.

I'm just south of the twin cities, but I'd think Fairbault or Owatanna might be a good place to meet since there centally located between Rochester, Mankato and Albert Lea.

@Lorri Lea,J Scott (A frequent contributor to this site) wrote a few books that could help you:Click hereRaymond

@Neil Aggarwal   75-80%@Lea Morgan I would borrow against the 2 to get a loan for a few more.

I do agree with @Nghi Le as far as the REAPs satellite groups..