It’s when I realized that I need to get the lion’s share of my efforts, not pass them on to managers upon managers above me.

She doesn’t need local family to manage it. 

@Bri Hall I am A managing partner at a company that facilitates full-scale flipping, lending, development and portfolio acquisition amongst other things.

Reach out to a LOCAL property manager that knows the rental market BEFORE you go under contract! 

They offer weekly training sessions on everything from investing and construction to vendor management, cash management, market analysis, and home underwriting.

It’s smart that you’re looking into multifamily options, it can really help offset your living expenses while building long-term wealth.When analyzing deals, some key things to focus on are rental comps, vacancy rates, and property management costs.

I have 1000 sqft so $250k.if I have no GC and manage all the subcontractors I will not have a Rolodex so have to find subcontractors and I’m sure there are a million other complexities.

@Tyler Garza With my CFO clients, I generally use 8% vacancy and 25%-35% operating expenses depending on if they are self-managing or using a PMC. 

Joe Edwards is managing partner & we’ve been working with Nick Raiamondi.

For owner managed properties like this we see expense ratios in the 35%+ range.