Personally I would just get the proper licensing and insurance if I wanted to manage properties for others. 

If the home was still your primary residence throughout 2024 and not actively listed for rent, it would typically remain classified as a personal residence until the lease began.

A nice but expensive duplex on a beach or in an expensive area might be ideal, if you can swing the other half out of personal funds. 

I think this is a calculation a lot of homeowners are making right now--especially if they have a low interest mortgage, equity, and their house will cashflow as a rental.The choice is a personal one of course, but I think your future self will thank you if you pull out some equity from your existing home with a HELOC for the downpayment on the next house and a cushion renting your current home, use a property manager as you have other things to do, and buy the next house and do the same thing again.

Call it the organization's personality.

Hi Warren,  I've only heard positive reviews about M&M but have not personally used them.  

Having graduated from BC myself, I understand the charm it holds, which can be perfect for the right person.

I know a couple of the Realtors on the team at Suncoast Property Management, Acquisitions & New Construction Manager, Gretchen Kornutik, REALTOR® - Good person.

Also, do you have enough personal income coming in to cover the negative cash-flow that this deal will have along with the unexpected expenses that may come up? 

Private Money is simply money from a non-institutional source...such as someone lending out of their personal IRA or from their savings.