However, there are many factors to consider, and I want to ensure that the right people are involved at the right time.The renovations are nearly complete, and I am already collaborating with a condo conversion lawyer to draft the condo filing documents.

Even experienced flippers and BRRRRers go over budget, usually for things that we could not see (behind the walls, bad electric, plumbing, etc.).

If it's for rent, absolutely the property should be on AirBnb & VRBO, an experienced short term rental property manager could go a long way.  

If you are using one all the time you leave it down but most people if they put one in it is because you want to use the room for something else.

I have a pretty good idea, just hoped to snag a tip from a more experienced operator that may save me a headache.

I've heard people talk about getting an IRR around 20% but I'm not sure if that's an outdated target and not as realistic as it may have been in the past? 

I am an agent and investor in the phila area and help lots of newbies to experienced investors.

There are many good people under these programs, but likewise there are many looking to sell a sob story.

Just wanted to get peoples opinions about this idea. 

In this week’s post, I am turning it over to Brent Voepel.I got into a conversation recently with people in the industry about the price of property management.