I'm looking to transition into the world of property mgmt.I just passed my real estate exam, and now it's time to find a broker to hang my license with.

By the end of my first year, I'd completed 10 deals and earned $73k.In 2018, I stumbled upon Todd Toback and his acquisition skills models.

Hello everyone, My name is Dylan Jeluso, I'm a 20-year-old student at the University of Florida.

Hi - I published an article on this exact topic here on BiggerPockets last year - see below, hope it helps. 

How do you see the Miami real estate market evolving over the next five years, especially with the influx of remote workers and tech companies?

Over the years I have been a property manager, portfolio builder to 14M, coach and real estate broker/team leader.

High interest rates and dwindling capital reserves have led smaller investors, who have long driven the market, to pull back.Shift in Investor BehaviorFor years, individual investors fueled price growth through small-dollar deals, but rising interest rates have made them less aggressive.

So, you get a situation where SFO has added almost no net new rental housing stock in 30 years. 

Here’s the situation:Key Project Details:•Property Size (pre-renovation): 250 sq. meters (2500 sq. feet)•Purchase Price: 250,000 EUR (1,000 EUR/sq. meter)•Renovation Costs: 750 EUR/sq. meter (includes kitchen, appliances, quality furnishings)• Loan costs (during renovation and renting): 350 sq. meters (due to attic expansion)•Property Size (post-renovation): 350 sq. meters (due to attic expansion)•Post-Renovation Layout: 2 separate apartments•Airbnb Income (24 months): 2,500 EUR/month/apartment (= 5,000 EUR/month)• Other running costs: 600 EUR/month•Projected Sale Price (after 2-3 years): 850,000 EUR (approx. 2,500 EUR/sq. meter)•Closing Costs: Negligible in Tbilisi•Real Estate Agent’s Fee: Typically 3%, but negotiable based on who hires themFinancing Setup:•Property Purchase Financing: 100% bank financing at 5.9% interest (bank has even financed 150% to cover some renovation costs in the past)•Renovation Financing: Our friend is offering to finance 250,000 EUR in cash for the renovationsProposed Partnership Structure:•Work Involved (on our side): Full renovation (10-12 months to complete), furnishing, and property management through Airbnb until the sale (2-3 years)•Profit Split Proposal: 60% (us) / 40% (friend providing renovation financing)Questions for the Community:1.Does the proposed profit split (60/40) seem fair, given the work we would handle (renovation, furnishing, property management)?

Where you purchase a property that needs some work, live in it for 2 years, fix it up (either DIY or hire contractors), and then refinance & rent it out.