Keep systems in place for managing documents and contracts.6.

I invest, flip, and own a property management company in CT. 

And I certainly wouldn't have survived it with no investor losses, as I was able to do thanks to having a manageable portfolio at that time.All that is to say that I wouldn't change a thing.

@David Kendall Jr, for deals that I am managing myself, I want a minimum $50k profit potential, and shoot for about a 15-20% profit margin, whichever is greater.At the end of the day, percentages alone don't work for me, because my time has a value to it. 

Talk to property managers and see if they would manage the other units.

I selected Lewiston for the post as I didn't see an Augusta option, but I do work all over the state.It was my family's property management business that brought me to Maine and sparked my interest in and passion for helping investors achieve their goals. 

The investor manages the project, and the lender receives a percentage of the profits upon sale. - The property is renovated and sold at a significant profit, and both parties are satisfied. 5.

I also have a ton of property management experience and offer tenant placement.

I was one of the few lucky ones with Safeguard as I was able to take over the management of the loan and modify it and then got a payoff.

5unit is probably manageable.  20 unit is work I would think.