Purchase price: $250,000 Cash invested: $14,000 I purchased and managed a rental property in Chicago, focusing on strategic improvements and tenant satisfaction to increase both its value and profitability.

I have managed to get myself into a bit of a complex situation on my first deal and I'm looking for some advice. 

I currently work with investors who are looking to invest SFH/LTR that are turn-key ready and manage for them on the back end, so I see a lot of benefits in that market across the board. 

If there is a property manager, your success rate is going to be very low.   

Ask them to update your photos and put your best foot forward.If the market is doing well and your PM is marketing poorly, then you have a case for complaint and/or moving to a new manager.

My top recommendation is to begin by contacting property management companies in each target area.

It's best to have a house manager.

He get's principal and simple interest payments over a number of years.I'll manage the deal and the property.Looking to create a proforma for this that would fit a typical rental analysis but insert the detail of having private money cover the DP.

Lenders, Investors, Hard Money, Partners will focus on experience and risk, so bringing value by finding great deals or managing renovations, can help you break in.Keep refining your approach and connecting with the right people!

If you are unsure, to start, hire a property manager and don't let the tenants know you are the owner.