Engineer, accountant, teacher, management and attorney are the careers most likely to produce millionaires. 

For instance, if I manage to raise private capital to fund a deal and purchase a successful rental property, how would this actually benefit ME when I have no skin in the game (i.e. money of my own invested)?

In the long term there is LESS unknowns in the new construction, but the entitlement and aquisition is a bit more tricky.Just curious how come you had to fix water heaters and leaks if you have a property management business or in it?

Accounting packages such as QBO and others specific to property management are good, but they can also be like killing a housefly with a sledgehammer.

Pros:- Everything is all in one place- Easier to manage, less hassle (likely)- More predictable - Easier paperwork Cons: - Less liquid (have to sell all or none) - All eggs in one basket Just off the cuff, those are my initial thoughts. 

A property manager has told me I can get 8-12k a month for my in law apartment so that sounds pretty good to me and I can build funds.

LTR management fee is 10% standard with PMCs in Indy.

Work with local real estate agents and managers for valuable insights and support.Good luck!

It does affect the bank's risk management processes.In the event they do require the loan to be paid off entirely, they issue a demand letter that gives you 30 days before they begin a foreclosure.

Hi BP Friends,Does anyone have any recommendations for short term rental property management in Mariposa, California?