I can see how starting with a 4-plex could provide better returns and learning opportunities without an overwhelming jump in complexity.

Allocate equity based on contributions: you provide the $235K HELOC and management, while your former boss contributes renovation expertise and labor.

It may sound nice to pay a 6% management fee but the extra fees can add up to be more than the other company that charges 10% with no additional fees.

Since house flipping has become so popular over the past few years, it's never been more critical to give your projects that extra *POP* that homebuyers will notice as they're swiping through Zillow. 

Big things is be realistic on timing and maybe provide a mover and or storage unit deposit as they may not be able to figure that part out on their own.

:We use the cheapest ones that they provide at Lowe's, our handyman installs.

Platforms like Zillow, Realtor.com, or even tools provided by BiggerPockets can help.

Thanks in advance for any help you can provide!

Also, how much time do you want to spend doing real estate vs. your main job or extra work in order to fund it.

The property manager must make a profit, otherwise there is no incentive to provide the service.