My aim is to not only profit financially but to gain in the process some intangible assets, such as project management skills, getting to know reliable professionals (i.e. realtors, contractors, designers, etc.) for the long-term, getting acquainted with the local market's promises and pitfalls, and basically adding some entrepreneurial muscle going into my next project.My strategy is to go small: find a second-hand apartment in a good location (I don't have enough funds for a GREAT location...); no more than 60-70 m2 (that's about 650-750 f2) to, among other things, lower renovation costs; 1-2 bedrooms, street facing and with a lift (if said apartment is above the second floor); with good bones, i.e., needs only partial renovation.

I believe that this is due to (finally) rising interest rates deflating asset values, which is highly correlated to the exponential increases in income for top earners like CEOs, executives, money managers, RE investors, and Private Equity Groups.To me, the only logical stance is "rational optimism" (I heard this term from Morgan Housel).

Has anyone had experience with their project management tool?

Managing Rental Properties by Heather and Brandon Turner is as good as any.

Hard Rock takes almost half the income (acting as property manager) and we do get 28 free days a year (hardly used).

Hi,I'm looking to see if there's anyone that knows property managers that do room by room rentals or any advice on this in the Austin area.

In general, Dave Ramsey is very good at helping people who are deep in debt and struggling to manage their money.

I believe I can handle one or two on my own but then would want to transition to a property manager.

It will be wasted money when you refinance, especially in this market.I have a loan closing right now in using this technique. 

Thank you for your response and opinion, My goal is to do a JV pretty much, where 2 of my partners will be funding partners and I will be on a fund managing role.