A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings.

I'd like to start earning some "unearned income" and building wealth.

Outside of real estate, I enjoy spending time with my wife and kids, as well as playing golf, collecting comics and sports cards, and binging the next show on Netflix.I am very excited to meet people with common interests, network, learn, and help where I can.

Unfortunately having title issues is one of the reasons that sellers are sometimes willing to do seller financing simply because they know mortgage companies won't approve without proper title work and title insurance so they have to be more creative in the ways they sell but that can be risky for you as a buyer.If you do seller finance I recommend having very specific terms on HOW payments will be made and accepted and using a professional service like https://www.agecroftcapital.com/ for loan management in the case of any disputes - just my personal rec, not sponsored by BP though I do work for BP :)

Hi Donny,It sounds like you've built a solid foundation with this investment!

I'd like to hear from anyone with experience in this market.

likely going to be a bit too small ($ size) for most DSCR Lenders that do Mixed Use unfortunately

This is another reason we like Self Storage. 

Sounds like a great start. 

This is my first investment property, I plugged everything into my deal analysis calculator and it seems to be like a good deal but I want to ensure I don't have any surprises.