I would also groom, and train him how I want him to do it.I looked into hiring a property manager, but it seems the only thing the property managers from around that area specialize in is vacation rentals (Myrtle Beach).

Hello All,I'm a newbie to BP and reside in Long Beach, CA.

With this information, I decided to do my own research and this is what I found.I found a property in North Miami Beach, selling for $275,000 about 2 blocks from the beach.

It's located in Los Angeles county (Long Beach)

@David Wilson  sounds like a plan... although your direct involvement in your rental business will be correlated by asset quality.if your in low to lower end rentals with lower to lower end tenants.. your thought of sitting on the beach probably does not play out.If you can roll up and get solid B class multi or NNN commercial then I think your plan has merit.Or enough SFR's that you can hire full time employee's to run them.. like you do your current business... 200 SFRs at 200 a month positive... is 40k a month... spend 10k a month on full time help to manage them then take your 30k a month which is probably what you need and sit on the beach if that's what you want.

Round Lake Beach for me.  

I am from West Palm Beach, Fl and I recently relocated to Miami about 6 months ago.

The challenge is just too exciting not to take on and I cannot wait to begin.All the best,CarlVenice / Manhattan Beach, CA

hello BP,Does anyone know a Class A, general contractor in the Norfolk, Chesapeake, Virginia beach (Hampton Roads) area they would recommend for a rehab project?

Hey @Robert Hamilton I love Virginia Beach, my brother-in-law lives out there.