Right now I normally do it since it's hard to find people to use the tool correctly, but honestly at some point I'll farm it out to a local leasing/marketing person as part of their R&R or find some dude in India to manage it. 

It'd be my 2nd home with this builder, and I've sent them referrals as well, so they're including a good amount of upgrades etc beyond their normal stuff, and it's a good deal relative to this crazy market.

The HELOC is debt.8% ROI wouldn't be enough for me in a "normal" deal, but might be worth considering if there was very little capital required.

Also keep in mind you will need WC/GL which will cost around 20K a year for minimal volume, you will be on the hook for warranty and callbacks as well as taking on all the liability that the GC would normally shoulder. 

There is a lot of research you should do and if you are going this route I would be very upfront with everyone that this process can take twice or three times the normal closing time. 

Receiving copies of the leases and any financials submitted at the time of lease signing or after as required by some leases is normal and part of the Due Diligence process but not tenant interviews. 

Most of my tenants are Class C also.I'll be a little, a little, more flexible with late rent payments on long-term normally good tenants in Dec. 

Encourage the needed as I’m normally a super positive go get kind of lady!

@Matt FerchCommercial loan is normally the go to if the property is more than 4 units which is not the case here.How do you and the business partner own the property?

I know if you aren't putting 20% down you would have to pay PMI as well, but my question to you all is do you normally fill anything in for the other sections (Electricity, Water & Sewer, etc)?