Don’t forget the university as well.

A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings.

A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings.

The overall rehab looks great on the downstairs rooms and it's staged well.

Be sure and send them a final accounting including the security deposit to any forwarding or last known address. 

I would certainly take the $80k to reinvest comparing to sitting on the equity over 30 years, but for the sake of my head not exploding with inflated numbers in the future, I wanted to only argue what it would look like to not touch the debt on the property as well. 

I hope that your next deal goes well for you!  

Either a small single-family where you rent rooms to your friends or a multi where you do the same in one side and rent the other side as well.

Think contractors, landlords, etc. possibly even finding some form of part time job with a contractor or property management company is also a good way to get hands on learning and property management can pay fairly well once you get systems down

After trying for three months with Facebook Ads, Flyers in the Hispanic areas of town, and posting on every Facebook group possible we ran the numbers as an Airbnb and discovered that it would work really well.