Then the majority of the rest of the income should go to your company because you have really created the ongoing value that drives revenue to the property.The exception can be when and owner or developer has painstaking developed an incredible product they are entrusting you with where you don't have to do any of the initial set up and can more easily take the reins on ongoing operations of the property.The best property managers are picky and often turn away lots of owners because they understand they have a brand to protect and because they know they bring a lot of value to the real estate owners or developers.My goal as developer and investor in this niche now is to create an incredible product to hand off to professional high end manager that knows how to be host to guests and is hospitality focused.

I agree with Scott, make the initial efforts to inform all parties and then step aside. 

My agent was out of town when the initial offering was placed and I used one of his associates.

This was 100% not a great REI type project, the initial margins weren't there.

My initial goal is to have rentals that produce a combined $1500-$2000/month in cash flow after expenses.

Initial thoughts had me at 200k so I'll have 40k for repairs, but then a friend told me her bathroom required 10k in repairs, all through a contractor though. 

In episode 85 of Straight Up Chicago Investor podcasts, @Mark Ainley talks about how in the last few years you are required to not pull credit/background check until the initial screening is approved.

I once heard Brent say if brand new just make your initial offer 60% of the Zestimate from Zillow….

My problem is with 30k down, it limits me to either really old properties or 2 BR properties, my initial plan was to buy a 2 BR.

I will have around 300k cash after liquidating all assets, etc. which should be completed by EOY.I have been learning via podcast / YouTube / reading for approximately 5 years now and am currently executing a longer term live in flip.Looking for suggestions/stories on how maybe you have taken cash and invested it successfully which gave you good returns and set you on a path to grow your portfolio and get started or completed the journey to financial independence.I have mostly been focusing on small multi family and EOY 2022 I would like to have 4 + units / 10 + doors as my initial goal.Anyways, thanks for any advise!