Most properties take a few years to appreciate and cash flow well.Replacing a $60,000 annual salary would require around 50 rental units, assuming $200/month net cash flow per unit after all expenses if self-managing.

Once the project is complete, you determine market rate and buy out their share.Let's say it cost $60,000 to build the house and it is appraised for $120,000 after you are done (not including the land, which you already own).

They even iterate that they are clerks not managers and get NO TRAINING.   

Many financial planners and wealth advisors are going to be super hungry to get you to hand over $5M in investments to them to manage.

The only other consideration might be if your client considers managing 2 significantly different than 1.

Hi Brandon, I'm a Realtor and Property Manager in Huntsville AL who specializes in working with investors!

Beyond that, I am a Mortgage Branch Manager and my team specializes in working with investors.

This approach allowed us to proceed swiftly and efficiently, ensuring the project stayed on track.

The bank protects you by disbursing payments to the contractor ONLY when certain milestones in the project have been reached.If you're looking to pay for the rehab out of pocket AND want to manage the project yourself, J Scott's books provide a great manual.

I am helping some clients of mine rent out (1-6 months at a time) a condo they have on the beach in New Smyrna.  It's fully furnished and they like the idea of doing a medium term rental.  Does anyone know where I can...