My brother-in-law/ real estate partner rented a home on Emerald Isle and met a property manager and they spoke and started a relationship.... three weeks later we owned this home.

All asset managers for REO's are limited by similar guidelines.

That's the cost of owning and managing rentals as a investor.

However, if you can learn those, or participate in property management, you can start gaining invaluable experience.

I currently use Truthfinder. It has worked well for me, but it's often flagged by my bank as a scam, and they block payments despite me calling and unblocking. What background tool can I use for a 5-property portfolio...

Let's assume 2 years on the conservative side.Property manager: I would manage this myself.Net income (monthly): -$290/month.

I also call PMs and let them know I have a property under contract and I want to know if they manage there.

But I'm okay paying something (within reason) for an experienced partner who knows what to build for resale in this price range and will manage the entire process

Effective HOA management & enforcement of rules can foster a sense of community, ensuring that properties are well-maintained.

My father resides in this property and is managing the flip, leveraging his extensive experience in property renovation.Financially, I bring to the table a stable annual gross income of $270,000 from my successful healthcare company, which will continue to support my real estate endeavors.