Property managers that have to send people out to collect the rent charge more, another hit on your income.

They may not be large enough to handle large repairs, or even have the resources of people to call for this type of work.

@Gabriel Fairman @Jason Franklin we have a BP real estate meetup here in Northridge every 3rd Thursday of the month at Collective Lifestyle - 8906 reseda blvd., Northridge, 91324. 6:30-8:30pm.

BiggerPockets has been a great resource for me but i just couldn't figure out if those follow up classes would provide me with something that bigger pockets could not.

I use Cozy.co for marketing, background checks and rent collection. 

So technically you will be living there and not collecting rent.

@Luis ReyesA lot of your questions depends on how much time and resources you want to commit to. e.g. if you plan to self-manage, how far do you live?

It wasn't usually him giving us information but him connecting us with resources, more experienced investors, basically him teaching us how to fish.

Now that the project is almost entirely complete the seller to recoup his cash and collect the interest on the mortgage he is holding. 

So for a 2-story house with a basement unit (combined for a total of 2 units) with a market value of $550,000 that also has 6 parking spots, 3 indoor and 3 outdoor I should be able to collect a total of $5,500 monthly rent?