I highly recommend you stay away from these internet gurus, most are frauds in one way or another.Also, to answer your question yes it would be a red flag to venmo a guy from the internet $10,000 with no agreement in place. 

I am broken record here on the forums - I highly suggest checking out as many in-person networking events as possible!  

@John Sherwood The areas you mentioned are certainly high-demand areas, but they come with challenges.

In a highly competitive tourist market like New Orleans, I update my photos weekly. 

Now he has sold the company and is more of a flat rate charge based loosely on how long it takes him to prepare the return.

It's currently earning $1875 in rent, which is a great return.

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

Houses in my development have sold as high as 585k, my house was appraised for 475k as is.

But if costs are high or demand is uncertain, holding onto the land while monitoring the market might be the better play.

Any trusted registered agent or advice will be highly appreciated.