To make it easy, I add additional 1% for PM fees.Long story "long", I use 11% for PM fees :)

My main concern was that with a HELOC I would not want to carry the additional payment for a long time, so maybe investing in a flip or something that would allow me to recoup the cash within a relatively short period of time would be most beneficial? 

Some of the larger expenses-Interior/Exterior Paint, Storm shutters for a few of the front large windows, added additional cabinets to one unit, New refrigerator from Dent/Scratch store after old one died, Laundry units that tenant pays +$50/mo for etc.

Thank you very much for the valuable information and greetings, definitely I'll read it and give a feedback.

The additional expense of becoming an agent is prohibitive for me.

Can it be done with 3rd party sites...yea..but why not expand your network and gain access to valuable info at the same time.

I may pick that up next, just wanted to get some additional options.As the title says, post your favorite or most influential Multi-family/commercial investing book here.

@Derek LesterFollowing the fine example of @Joel Florek, let me just say that different things work for different types of investors and in addition every area is different.

I sincerely think it's valuable education to try this yourself. :)

Hello BiggerPockets community,I'm a new to real estate and was hoping to get some advice on AirBNBing in Asheville NC.The reason for my inquiry is because I'm hoping to buy a house and use AirBNB to househack it.If any additional info is needed please let me know.Any advice would be greatly appreciated.Thank You,Evan Morales