I’m also in the northeast so I want something that is turnkey and accessible to property managers.  

Deal #1 Purchased in 2022: Single Family home in Gary Indiana 46408Purchase Price: 80kCurrent Rent: 1000Property Management (Vilgar Property): 10% monthly rentTaxes:         1940 /yr | 162 /monthInsurance:    840 /yr | 70 /monthCap Ex: 30% rough projectionsSection 8 long term tenants not many issues.

In the event that such notice of non-renewal by Owner is received by Broker, Owner shall pay Company the Management Fees, rental commissions, and all other outstanding fees set forth in this Agreement for the length of the tenant lease (including any lease extensions or renewals) or the remainder of the term of this Agreement, whichever is the greater of the two.

STR looks like an attractive option but I am a novice in this area so looking for input on realistic income and cost estimates of a STR managed by a 3rd party property management company. 

There entitlement stays on the property all the same but it's cleaner because you don't have to worry about due on sale or managing the sellers insurance, power of attorney, etc.

I self-manage and use Quickbooks.

Some systems can't keep up with extreme heat, we had complaints about this all the time in the community I managed. 

I checked their CMA report, and they projected a $925,000 ARV.

Now we get into management.

Alongside my two partners, we are venturing into the realm of new construction projects in the US.As we embark on this exciting journey, we are eager to connect with fellow entrepreneurs and seasoned professionals who have experience in new construction.