Property management really, really, really eats into your profits.

It's not worth dealing with the headaches that will eat away at your bottom dollar.

As a first time investor, am I better off house hacking and putting all of my eggs in 1 house which I can learn to manage (with poor cashflow), or buying multiple properties back in my hometown where cashflow is significantly better and using a property management company.

The interest on the hard money would eat up all his profits,And the concept is to then get enough money out of the refi to repeat.Not saying it can't be done it'll just be a longer road.Where as he could do very efficient flips with the hard money and get his own capital to work into the brrrr.

In conversation he explained that the fleas must have stayed in eggs in the house before he moved in because before he lived there the owners of the duplex had dogs.

They get a bad reputation for ostensibly wanting to wage war and to eat people alive.I personally don’t know a single attorney who actually fits this description.

Obviously my private lender was repaid in full and I had to eat the overage out of my funds. 

We have run into the same issue of trying to find properties to continue growing or portfolio of rental properties; whenever something does come available they are usually over priced if they are in decent condition or are too far gone to make it worth putting the time into renovate.Our biggest concern at the moment is that we are starting to find that we have too many eggs into one basket.  

I am a corporate marketing professional married, with 3 teens..and hoping to build a nest egg for college tuition, vacation and legacy!

They would provide CNAs and other medical professionals dressing, eating, cleaning, etc and other basic living and health and medical services.I'm interested in connecting with anyone who's successfully converted SFRs or MFs into independent living community rentals.What's been your experience?