NYC SROs are a unique animal.

If it happens organically it can be great but I would not consider this the best lead source for someone just starting out.

Its only 5 min off the Interstate, so kind of a unique urbanish, but quaint small town get away for people.  

I get really excited and sometimes I have so many ideas running through my head I need an outside perspective to help organize them :) Thank you, the list was very helpful!

David certainly brings up a good point about the foreign entities, CA has some unique requirements, so I'd check into all of those, but some states will have those foreign entity costs/requirements as well.  

If they are a member of a professional organization like NARPM you have a much better chance at finding a good PM.    

I'm pretty confident in traditional BRRRR calculations but this opportunity could be very unique if I can understand the subdividing potential.Thanks all!

The training process is the biggest headache with VAs so it is best you are super organized and detail oriented here to optimize efficiency.

I'm a full time special needs instructor and we have built the world's largest organization of special needs business owners and real estate investors, all anybody needs to build their empire is compliance dialog. 

The ugly truth of it is Professional Landlord organizations are reallocating portfolios right now, dumbing garbage on market for MFH because it's known novice investors and novice realtors are snatching them up, and we just shake our head and make bet's on how long until we buy them back in default at 70 cents on the dollar.