You build a team around you (this makes your returns less) but it keeps your stress way down.  

However, we look at it as over the 10 years, even if we had to put $200 a month into the property (for Cap X expenditures, lost rent, maintenance etc.) that at the end of 10 years we will have a property that is worth $124,000 plus.

Hi new investor here in San Diego I am in search of teaming up with an  investor-friendly real estate agent in the San Diego area looking for someone that can help with market analysis and queries. .

Mary,I would suggest working with a company that provides all of the pieces to the puzzle - Foreclosure, rehab team, attorneys, boots on the ground.

We know and trust a team in the area that can handle construction and  property management, etc.

Hi Adam,We are a father son team with over 30 years of experience in fix and flips.

How do I build a team? 

Hey BP,I have been thinking about starting my own real estate team but I am concerned about lead generation, marketing dollar, and getting agents to join my team. 

Your PM team should be the part of the nucleus of your out of state investing team.

Request the tenants leave, flip to 3 bedroom, and rent to new tenants at $986If I convert from  2 BR to a 3 BR, I've calculated a payback period of 2.3 years... here's the high-level of how I came to that number:Annual Opportunity Cost:3 BR vs 2 BR Rent = $2,790My Time (expect less needy tenants) = $1,183TOTAL OPPT COST= $3,973 <-- This is a favorable numberCost to get unit ready as 3 BRTotal to flip = $7,551 (includes paint, new floors, converting basement to bedroom, etc)  2 Months lost rent = $1,510 TOTAL UPFRONT COSTS $9,061 <-- This is an unfavorable numberPayback Period =  $9,061 / $3,973 = 2.3 years (Note if I'm conservative in my nubers, this becomes 3 years)Couple more things to note, they're set up on re-occurring payments and have not missed a payment.