I have almost 400 units and we average about 40% turnover per year.Based on personal experience and networking with thousands of investors and property managers for the last 15 years, tenants tend to stay longer when they are (a) way below market rates, or (b) poorly supervised.

The tougher part will be finding clients that want to work with a part-timer that has no experience and little time.If I were you, I would focus on dentistry where you can make really good money, then use that money to invest in real estate on the side.

🏠 After dabbling in real estate wholesaling at 19 and gaining valuable sales experience over the past 6 years, I'm back with a renewed drive and determination to succeed.

To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

He does good work from my experience.

I have no experience in buying or maintaining rental properties and a small savings.

Are there any experience investors that could list out briefly the general steps beginning with purchasing the land to selling the new home?

You are a beginner in REI – so get started first, accumulate some equity, get some serious cashflow going, get some experience with managing real estate, figure out you want to do this long term…and then worry about how to layer an LLC cake.

He has 40 years experience with hundreds of these or 1000s over 40 years.

My investing experience has been in stocks, mutual funds.