We’re talking $2,500-$5,000/month cash flow from one property, 8-12% cash-on-cash returns, and zero management headaches—we handle it all.

Hence why WB said index fund, sure if ya got a few hundred mill - billion+ yeah, could you imagine trying to sort out deploying a billion dollars into real estate, yikes, what a headache. 

I’ve seen clients choose a cheaper PM despite warnings, only to deal with poor communication and headaches.

Lucas, stepping into property management without experience is a big challenge, but it’s doable if you set yourself up right.Know the Law – Texas landlord-tenant laws, fair housing, evictions—get familiar or risk costly mistakes.Use Systems – Property management software (Buildium, RentRedi) will save you headaches with rent tracking, maintenance, and lease management.Plan for Repairs – Have a go-to list of reliable contractors and a process for handling maintenance fast.Set Clear Terms with Your Friend – Define your authority, compensation, and how major decisions will be handled upfront.If you take this seriously, it can be a great learning experience—but cutting corners will cost you (and your friend).

Learned this trick from a mentor years back, and it’s saved me a few headaches.

With your current situation, I'd err on the side of caution, and I think you’ll be in a much stronger position in six months or a year.But here's a question for you: Have you considered other areas of South Florida where you might find a better deal, or perhaps even something that's a little less on your plate in terms of potential headaches?

A good REI bookkeeper will help keep everything neat and tidy throughout the year so you can make educated decisions in your business, potentially creating more profit and less headaches.

Padsplit introduces other headaches but you could work for sure.

I have so much to learn starting out I don't want to add any unnecessary risk or headaches dealing with out of state properties or long distance rentals. 

A little extra diligence upfront can prevent major headaches later!