RealtyShares - https://www.realtyshares.com/ - generally focus on mid-market (<$50 million) commercial properties, often for value-add situations involving property upgrades or operational improvements.

Anyone operating a property management business without a license would be in violation of the law and subject to severe penalties.

A very large percentage, perhaps the majority, of mom-and-pop operations here simply pocket the cash and never intend to return a cent of it.I'm sorry to be the bearer of bad news,

Based on the numbers, you seem to get the best of both worlds in being able to rent & generate substantial cashflow, while also being able to tap into your condo's equity.

Obviously, I need to improve my lead generation to find more motivated sellers but the subject of price lead to do some reading on different financing options.

Consider doing JV or tenancy in common (TIC) but that's to be confirmed with an attorney.Bottom line speak with a real estate attorney about the best structure for the deal and ask them to spell out all of the terms and responsibilities in the Operating Agreement.Good luck!

Phoenix is obviously going to be leading the charge on that.The main population segments moving here are going to be:1) Retirees from colder states (Florida #1 destination, Arizona #2) Over 10,000 people turn 65 every day.2) Younger Generations from California (mostly from SoCal - Median home price is double Phoenix's)The main thing that'll keep the ball rolling is young families from more expensive markets like California.

My suggestion is to ensure that the operating agreement (assuming LLC) is very specific about who is responsible for doing what actions.

Escrow accounts can also come into play when a landlord needs to hold tenant deposits, etc. in an account separate from their operating account.

Does anyone have any suggestions as to how to generate leads for more business?