Relatively local, but I DO NOT want to manage my own properties, and well, can't given other time constraints, so a property management company is a must in the decision making.Each home is paid for, each needs about $15,000 in rehab to make rental ready.

For developing a 'shovel-ready' project, expect to front mid 6 to low 7 figures and possibly many years in entitlement-related environmental surveys, also called Ehell. 

My goal is to focus on purchasing small multi-families to self manage with a STR/ MTR hybrid model in the Central FL market.

We've bought over 200+ units in the Jacksonville, FL area and we currently own and manage 51 units.

And they bring a lot of business experience that I would value, as there is an active component to the property that will need to be managed.   

It was meant to be a flip project but the investment was more than expected.

Get in touch with property management partners3.

@Chiane Martin the biggest challenge to doing Boarding Houses successfully is investing the required extra time.LTR - take the least amount of time, but time required increases as you go from Class A, to B, to C, to D.MTR - take more time than LTRSTR - take more time than MTRBoarding House - can take an insane amount of time to manage!

If you fish for deals w/I property managers you may have some luck.  

They all said they understood and tried to explain to the compliance dept. and their managers so my account could be unblocked.