Lease renewals are usually around 1/4 of monthly rent (unless it is a very expensive property and I will reduce it to a flat rate).There are a lot of folks who only want leasing service.

Putting $50K down and self managing increases your cash flow to $413 a month but reduces your cash on cash return to 10%.

The best thing to reduce vacancy and lost rent is tenant selection.

It doesn't reduce the other risks I mentioned as they can exceed the value of the note and the property, especially in connection with legal aspects.

Try to get and keep some momentum going so that you are diversified across a few projects/properties to reduce your risk.A lot of people on BP dislike borrowing from family, but if you know people who are at the start of retirement, it can be a win-win for them to pull out some of their retirement savings and loan it to you to get a steady income stream back.

So, by reducing the Ground & Site by $2152, total Ground & Site expenses are $1144.3) Administrative: $13,654*Includes $11,231 for property insurance.

If those criteria are spelled out in advance it will reduce the potential for disagreement among the members.Good luck.

@Jason MeasuresTime is money you got your money's worth.Now that you own reduce your expenses create more income and equity.Shoot me an email address I can email you a list of expense reductions.Paul

., Spartanburg, SC 29302 TMS# 7-21-00-066.06 1112sf, 3 bedroom, 1 bath, 74 acre lot, built 1959, central HVAC, NEWER METAL ROOF 2013 taxes 1282 (May be reduced by appeal.) 77,350 > Last sold price 2004 72,000 > CRS retail comps 49,000 > Tax value 32,995 > Price OBO Call for access.

Additionally, if I'm not cashing out my own 9k that I put into the pot at the beginning, it could be reduced again (now looking at a purchase price of 170-175k) ... unless it makes sense to wrap my own initial investment into the resale/refi so as to "cash out" my 9k and use that freed-up cash elsewhere.