I purchased properties 3 hours away and I have a PM taken care of them.

As far as property management is concerned that's something I'll take care of myself.

He said his tenants always pay on time and take care of the property.

IM NERVOUS AND HAVE A FAMILY TO TAKE CARE OF.

Take Very Good Care,HuntMan1

Let your MC take care of everythign, problems included.

And I am managing the property myself (just finding tenants and collecting rent checks, I have a property manager take care of issues on site) so there is work involved.

Its the same formula calculations, but its just coming from different directions.You have to be careful how you factor the numbers or you will start learning about the Please Excuse My Dear Aunt Sally rules.

Be very careful as who you try to HELP...We ran into this once, and I hate to say this, but it was a colored couple, and they know how to be the victims...They were losing thier house, but it wasn't thier fault, I mean, hey they had not payed thier morgage in 6 months, nice car out front, nice furniture in the house, you know the story.

i had a guy in florida try and tell me the following:buy SFH 209,000 - new construction.at completion - "value" will be 252,000he tried to tell me that with an ARM of like 3% for one year - with a negative cash flow of about 6000 a year.in two years i could turn around and sell it for 270,000so that's negative cash flow - 12,000.the down payment was of course ridiculous like 1000 bucks - with all this "great financing".so that's 13,000wow for an investment of 13,000 - i would make over 50,000.in the salesman's words - for 13,000 investment for 50,000 return - that's not bad.BE CAREFUL when you're considering your investments when you're new.