The goal is to replace 1 persons income, for now, and pricing on multifamily seems too high at the moment to be able to accomplish that without more money on hand.I've been in property management for around 4 years and my husband is with the same company in the renovations department.

Example setup:Person A is time & energy partner - no capital contributed, will be finding the deal and managing the property.

To fill a vacant mobile home park lot typically requires bringing in a home and selling it, while filling a vacant RV park lot simply means somebody pulls in their motorhome or travel trailer.Think of RV parks more like owning a restaurant (and the hands-on management that entails) while owning a mobile home park is more like owning a parking lot that rents spaces out monthly and is much more passive in management.Some people just prefer one business model over the other.

These markets can provide more stable rental income even with higher interest rates.Creative Financing: Explore creative financing options such as seller financing, private money lenders, or partnerships to reduce the amount of cash you need to invest upfront and improve cash flow.It's also good to conduct thorough market research, analyze rental comps, vacancy rates, and property management costs to ensure that the property will cash flow effectively.

Any recommendation for a good preferably open source rental management software that primarily handles back end accounting? 

Or maybe you end up doing all the renovations and management while your princess of a sister does nothing but spend the money on new shoes.Better to be your own man and make your own path.

They find, purchase, renovate, rent, manage and sell passive single-family homes in the Jacksonville metro. 

Is it really possible after paying a property management company to actually have cash flow when you're out of state though?

Is that accurate or does it work just like other property management?

I actually believe it is useful to have your license as an investor as you can collect commissions from your own deals and search for deals as well as serve others in the same capacity.I recommend making a connection with a good property manager in your area if you intend to work with investors and to make your own investments as passive as possible using them.