Looking at about $5K to have him on my team and it would be worth it if they said yes, and he would have a lot of influence on that decision I bet.

There are some good low risk areas in the city with steady property values and good rental rates - take on something that needs mainly cosmetic and finish upgrades to avoid getting in too far over your head on your first property.There is no magic answer on what work to do yourself versus hire out.

If you put a limit yearly on the number of commissions paid then it aligns your interest with the PM.If they know after 1 turn in a year they will not get more commission but just ongoing rents they will pay attention very closely on enforcing the tenant screening procedures and wanting to figure out how to get them to pay in full versus evicting.It's all about structuring things where it's not in the PM's best interest to do the easiest thing in the moment that might hurt your cash flow.

I do know that out of state investors are typically searching for yield they can't get in their own backyards OR it's that they can get the same cap rate locally but prices where they live are 200k versus 60k in another market.The out of state investors have a lot of lag time in making decisions.

The neighbor absolutely hates that there is a "renter" in the house in their neighborhood versus homeowners because the neighborhood is "all long term homeowners".

Your best bet would be to connect with landlords in regions you're interested in and put together a takeoff of big ticket items.

We ate the cost of the stainless steel braided hoses which are a little more expensive but well worth the cost versus the rubber ones.

Louis, it's 4 unit multi is your best bet.

Is there a reason why you are looking to go to HML for buy and hold versus getting a traditional mortgage?

By the time that happens, it will make more sense to replace the whole thing versus just the inducer.