Once you have the lending figured you can get the contract and then get the specific financials form the owner. 

Under this model the PM's financial interests and my financial interests are well-aligned.Under their current plan, a $12K/yr rental costs me at least $1,960 in fees with no guarantee I have a low vacancy rate.

I am the first to catch word of retiring landlord with 150 dirt cheap off market properties in a small town close to me.  I'm talking (2) $60K duplexes, and one $125K fourplex all above 2.2% rent to price in fair/good...

While the overall real estate market fluctuates, pinpointing specific trends within the land investment sector is vital.

The original plan was to be 100% commission, based on metrics like net profit after the flip is sold, size ($) of the remodel, finishing on-time and under-budget, etc.Meeting our average profit per flip and doing 24 / year, our PM has the potential to make around $72,000 / year.

Hi Daria,Assuming you did a 1031 exchange, the flooring, as well as the rest of the property is depreciated normally (a little nuance, talk with a CPA for specifics).

It will make or break you.One more thing, If you are truly serious, you need to get an investing plan in place! 

I am planning to just use an attourney and am in the process of selecting a lender through several brokers.

Like Tyler said, if it appeals to you and you plan to use it personally, it might make sense.

My plan is to house hack the first year and then rinse and repeat.