This is especially true since Vermont can be a great place for investors if you plan to buy and hold long-term.

You hold up your end of the lease when they need you to.

It becomes revenue if it is applied to damages or balances.Leases should be between your PM company and the tenants and you should hold the security deposits. 

Are you planning to live in it, flip it, buy and hold?

It can be cash flow, or equity as you mentioned which are traditional measures but then there are some more philosophical measures such as creating a way to do something your are passionate about or the ability to provide quality housing for people in the community. 

@Matt PerezIf the plan is to hold the property long-term as an appreciation play then I would say yes.

Investment Info:

Condo fix & flip investment.

Purchase price: $1,250,000

Just picked this one up. ARV $1.5M but DSCR is 1.2% after $625k cash down in a Tourist Destination with an unobstructed Ocean ...

You need to hold your caller(s) accountable.3) Bonus for performance.

He wants to get into the building space in 2 years instead of buy and hold small multifamily. 

I am interested in pursuing this strategy, but I don't have any experience with new construction, besides ADUs.My plan would be to build traditional 3 bed 2 bath single family homes with detached ADUs.