If you've ever worked in the car sales business you know there were issues, but as a small shop, you should do well with this model.

Make sure their area of expertise reflects the type of property you want them to manage.6) What is their rent collection procedures and policies.Your property manager is the connection to financial success or failure associated with this property.

Whether you don't have enough money, expertise, or time....that's basically what wholesaling is, anyways.

@Kendall Bond One option would be to use the typical Hedge Fund model structured as a Limited Partnership with a 2/20 fee structure meaning meaning you collect 2% of AUM (assets under management) and the 20 is incentive driven meaning you keep 20% of the profits with a high watermark.

Is this your first deal or 100th.....you may not want it to be your first.....if it is #50 or #100, you get to develop some new expertise.

It is important to seek out a fee-only financial planner, and most times you will probably have to hire someone that isn’t local to you to find someone with expertise in Real Estate.

Take this real estate strategic investing financial tool into your new years’ plan.Financial analysis helps investors assess risks and opportunities, compare different investments for returns and cash flow, and make informed decisions about real estate investments.Financial modeling includes the following critical components:Income projectionsCost AnalysisLabor AnalysisOperating Cost AnalysisCash-flowsCapital structureIncome projections: Valuation of an asset depends on its capacity to generate future cash flows.

Hi All,My name is Matt, and I am excited to begin building the foundation of my real estate business with the expertise and guidance of the BiggerPockets community. 

After I watched this video I decided to ask ChatGPT the keys to building a $100 Million multifamily real estate investing business (coincidentally I am writing a book on this topic)ChatGPT's Answer:There are several key factors that can contribute to the success of a multifamily real estate investing business:Develop a strong business plan: This should include a clear vision for the company, as well as specific goals and strategies for achieving them.Build a solid team: Surround yourself with knowledgeable and experienced professionals who can help you identify and acquire quality properties.Focus on a specific market: It can be helpful to specialize in a particular type of property or geographic location, as this can allow you to build expertise and become a go-to source for investors in that area.Invest in high-quality properties: Look for properties with strong potential for appreciation and cash flow, and be willing to put in the time and effort to make necessary improvements and updates.Utilize effective marketing and networking: Network with other professionals in the industry and use marketing strategies such as social media and targeted advertising to attract potential investors and buyers.Manage properties effectively: Proper property management is crucial for maximizing the value of your investment and ensuring the success of your business.Continuously look for opportunities to grow: Stay up-to-date on market trends and actively seek out new investment opportunities to continually grow and expand your business.This is a pretty good answer, and frankly it's amazing when you step back and consider that this service is brand new and 100% free.AI is going to change real estate investing, along with every other industry.

@Joshua Chen take my advice or leave it...BP is full of people willing to share their expertise and insight, but you really should spend some time researching topics before asking someone else to take their time and write another explanation for you.