I highly recommend you print, read, study, highlight, and keep this document handy.

I also manage for some folks who buy $100k and rent for $1400 so there are a few ways to make the numbers work.This is a snapshot of Zillow...in the nicer areas you can buy most anywhere since you are sniping the rental-grade properties amongst the owner-occupied prices.

We're funding in excess of $35mm a month in short-term, construction loans, so we're doing something right.As for the idea that some construction manager builds your rehab schedule is false.

Did you wind up using one of the above property managers?

Correct but this will be a STR in a prime market with pool and by beach so I am sure I can manage to break even

If it's within an HOA, call the HOA's property management company and ask them if they know any of the history of the lot and if they see any constraints to building it and what steps it would take with them to build on it in conformance with their CC&R's.

The Registered Agent will record the documents on your behalf so only their name and information appear on the documents.

This is wrong question to begin with.The right question: do you know any good fund manager that has proven track record with 15-20IRR in the last ten year ?

Investment Info:

Small multi-family (2-4 units) other investment.

Purchase price: $260,000

Cash invested: $5,000

This was a short term lease option agreement to help the original owner get back on tr...

Anyone else have any recommendations on best way to manage this?