Quote from @David Mancia: My Name is David Mancia, and at the end of last year I finally took the plunge and decided to contact RTR to buy my first out of state property, and I was contacted by Ms.

Property owners are a prime source for collecting revenue.

I’d recommend connecting with local property managers and agents as soon as possible—agents can help you identify deals that fit your BRRRR criteria, and property managers can give insight into rental demand and market rents.

An argument can be made that you build wealth FASTER with higher priced properties.

Also, the property itself is also worth 1.4-2.03 million as is with no house built on it.

@Andreas Mathews admirable, but make sure you do some research so you understand what a PM can make.Starting your own PMC business will require 75-150 doors to make a decent living, depending on gross rents and your fee structre.Working for a SFR PMC as a PM, will require a RE license and you usually get paid a percentage of the gross rents the portfolio of owners/properties you manage generates.

If you're wanting to use leverage to buy more properties, then once your credit is around 680+, one strategy would be to cashout refi your current property at around 50% LTV.

Trying to “take over” a vacant property that appears abandoned is not for the untrained would-be investor.

We are focused on residential and commercial property management. 

I wish you great success.Now I have moved to Chicago, and moved my focus from investing in property to building softwares for investors.