When operators mention employer names or area amenities, they should look at where their actually tenants work and pitch that vs just big name companies whose employees might not ever live in the building.They always pitch no capital calls, but will be interesting to see how investors fair after inhouse loans will be paid off to the properties they needed to do that with. 

Hi,I'm from Illinois and looking to invest in a property in Florida (preferably in the Tampa/ Clearwater area) for under 500k.

We play games called, "lets show the property to a perspective tenant" and "lets go to closing together" and "lets deposit money in your bank account" and "lets review your college fund investments".

If it did, I would go on linkedin and see what experience they had (for example that apple... company in TX had asset managers who were overseas VA's  - curious how many of those investors knew that and could have spotted a thirty second search would have created a red flag).5.

When it comes to 2-4 units not all markets are created equal. the northeast and midwest tend to have a lot more market for these properties then do newer areas of the south and west. 

To be conservative, assume 0 or 1%Property manager: 9% plus other one-time cost.

My main goal is to just purchase and flip my first property while using the contacts I have back home.

We put 12% down on the property at a 5.99% rate and contribute another $120 or so every month towards the principle. 

Are there any satisfied owners with good property management in Detroit? 

This is rent minus mortgage PITI and property management fee 10% (I don't include capital expenses in that calculation since I already set aside a reserve fund and the HVAC and water heater are 5 years old.