What are your plans, own rentals or buy one and fix and flip to an homeowner?  

NOTE: We planned on using Turbo Tenant for tenant management.Thanks in advance for your help!

@Evan LoaderThe way most syndications work is that there is a 5 to 10 year exit plan(normally 7 years).Those 6 years will normally operate and show losses.

So, what's your plan on management?

My plan is to save up my annual income by mid-Fall so I can quit my job. 

Decide how you plan to scale. 

I haven't done the MTR yet, but plan to on the place I fixed up since its next to the hospital. 

If you do not plan to live there buy it as either as a Seond home or investmet.Second Home is 10% down - seller can offer seller credit to cover closing costs.Investment Home - 15% down - Selelr credit but ony 2% of sale price Max.Pull cash out of your primary or another property via cash out refinance or LOC for the down payment.Feel free to reach out if you have any questions.

Also consider the type of property landlord insurance you would want to have.

Our current insurer only writes policies for < $1M.