I bought these two houses that were next door to each other with a partner using hard money (3pts, 13% interest, and 1% extension fee every 3 months after the initial 6 month term).

However, if you have a more extensive portfolio or plan to become larger in the next year or two, I would look for a double-entry system that allows bank reconciliations.

I have an extensive background in residential construction, having built several properties from the ground up, and I’m looking to focus on either fix-and-flip projects or a niche market for small residential homes in my area.

HUD performed extensive due diligence on us, and had to approve us as buyer's and our management company and mangers.

In fact, even with my extensive experience, I choose to have all my properties professionally managed.Here's why:Tenant Selection Is CriticalThe most valuable service a property manager provides is selecting reliable tenants.

Based on your post and other comments, it sounds like your rehab is extensive enough that the property isn't habitable.

Most property management companies are licensed realtors with extensive experience working with investors and providing valuable insights into their local market.

In fact we are working towards a 5 year extension on the existing lease.

Most property management companies are licensed realtors with extensive experience working with investors and providing valuable insights into their local market.

I spent an extensive time researching companies before getting in to multi family and BAM is definitely at the top of our list.