My aim is to not only profit financially but to gain in the process some intangible assets, such as project management skills, getting to know reliable professionals (i.e. realtors, contractors, designers, etc.) for the long-term, getting acquainted with the local market's promises and pitfalls, and basically adding some entrepreneurial muscle going into my next project.My strategy is to go small: find a second-hand apartment in a good location (I don't have enough funds for a GREAT location...); no more than 60-70 m2 (that's about 650-750 f2) to, among other things, lower renovation costs; 1-2 bedrooms, street facing and with a lift (if said apartment is above the second floor); with good bones, i.e., needs only partial renovation.

I believe that this is due to (finally) rising interest rates deflating asset values, which is highly correlated to the exponential increases in income for top earners like CEOs, executives, money managers, RE investors, and Private Equity Groups.To me, the only logical stance is "rational optimism" (I heard this term from Morgan Housel).

Hi,I'm looking to see if there's anyone that knows property managers that do room by room rentals or any advice on this in the Austin area.

Managing Rental Properties by Heather and Brandon Turner is as good as any.

Has anyone had experience with their project management tool?

Hard Rock takes almost half the income (acting as property manager) and we do get 28 free days a year (hardly used).

I believe I can handle one or two on my own but then would want to transition to a property manager.

I know some multi is cash flowing more , but I’ll need property managements since it’s to much manage by yourself. 

Thank you for your response and opinion, My goal is to do a JV pretty much, where 2 of my partners will be funding partners and I will be on a fund managing role. 

I have an LLC that's my management company but I personally own the house (will move it to an LLC at some point).This is what I think I am supposed to do but not sure????