Keep healthy reserves for surprises - they're inevitable in this business.Lastly, treat this like the business it is.

I’ve seen this work for niche investors who are more focused on cash flow potential than buying turnkey properties.Hope this helps bring some clarity.

Any other requirements on the seller to do this correctly ?  

This first-of-its-kind project addresses California’s housing shortage by repurposing an underutilized site into a vibrant residential and retail space.Of the 800 units, 180 will be affordable housing, with amenities including a rooftop pool and fitness center.

This was about 5 years ago so costs are different now but at the time it cost me about $20,000 I was not expecting to spend.

This also leads owners to ASSUME simpler is better when it comes to management contracts.

This type of investment can actually be easier than you think.

Has anyone used this company before?

What is the best method for this? 

In the short term, I aim to replace my monthly income from my current entry-level job, I dont make a ton of money so this shouldn't be too difficult.