This allows for 45% of the effective rent to be spent on all your expenses (taxes, insurance, management, common area utilities, etc. - but not your mortgage payment), and gives you the net operating income (NOI).

By systems I'm talking CRM: a way for you to manage your sales pipeline, moving new, organic leads from clickers to renters and past guests from one-time to recurring. 3.

Also, do you suggest we create a new bank account to manage property? 

Consider your comfort level with managing several mortgages and the risk of vacancies vs a slower but potentially more rewarding path to ownership.

Rent out whatever rooms you can in your primary residence and manage your roommates/tenants yourself.

I just bought a building with my sister where we are 50/50 partners but I am managing as it is in my location.

Echoing more of the same - We manage 65+ units ranging from $80 a night to $2,000 a night we typically get negative reviews on a monthly if not weekly basis. 

Anyone have experience with Tripple E Reality or AMG Property Management?

All are operated by management company.I hope that makes sense!

The monthly HOA covers: Association Management, Insurance, Maintenance Grounds, Sewer, Security, Taxes, Trash, and water.What next steps would you guys take to get a better idea about this deal?