Also, once you start the renovations there will always be change orders and you may end up paying more than you initially estimated.  

I am currently on active duty and looking to start my Real Estate journey as I retire in the next four years.

My PM company told me that is who they use for rate setting. 

We use companies like that to find cheaper options while on vacation rather than a resort.

@Andrew Steffens We are a full service property management company, we do offer some of our homeowners just the administrative side of things at a discounted price.

Everyone has to start somewhere, don't knock the hustle.

I am based in Australia and an Australian citizen looking to start investing in Duplex to  4plex-style residential.

In my market, Amazon is building a large data center, but they are buying land from a nuclear power company and building it right next to the power plant.

@Jay HinrichsReminds me of the cereal companies creating the nutrition / food pyramid.Of course they are gonna have an opinionated pieceI agree in vacation / beach areas they are great but once you start getting into true residential neighborhoods I can see them being very problematic

We used to be able to buy 8-10 cap apartment buildings, but over the past 12 months a lot of money from both coasts have started to uncover what you are, and the prices on multi family is closer to 6.5-7.5 currently.