I’m not looking to hire anybody until I MYSELF can consistently produce 2 deals monthly for at least 6 consecutive months.

They get professional photographs at an attractive price and you get an inside look on their business.

It takes time but the better you become at operating properties, the more deals and money you will attract.2. 

It does no good to place capital with a sponsor who has a project with an attractive pro forma to find out later they can't be trusted, or that they simply don't have the experience needed to execute the plan for the deal.

@Bryson Scott if you are in LA and planning to sell then selling with a vacant unit would be very attractive for potential buyer. 

Current portfolio is 13 homes, ~70% of which are income producing rentals.

Newer builds in a high demand area may not produce the cash flow that you would see in an older, cheaper area. 

(Before y’all go on a crusade in my comments about how I should buy nothing but duplexes please remember that duplexes tends to attract tougher tenants in Indianapolis.

My questions to you Guys/Girls are the following:- What are good Rental producing areas in Miami at this price point?

Because the sponsor can fix up the property and drive income, they can likely produce a 14% to 16% IRR, but initially a fairly low cash on cash return, say 4-6%.