If you calculated the math per the terms of the note, that sounds like something you can defend and explain.All that said, $5,000 is cheap money on a $7.5MM property.

@Daniel Mendez I would recommend looking into more of the Dallas Mid Cities area(Irving, Euless, Bedford, Hurst, Arlington, and Grand Prairie), these properties are slowly appreciating but are still cheap enough to where if you get a good deal you will easily hit the 1% rule on rent. 

Way cheaper, no legal issues, more respect and there is a decent chunk of cheap or free training out there from the mega brokerages.

I’m also and investor/property manager/STR’r/wannabe flipper.Happy to help and just throw ideas out!

(it is 2:30AM and i stared at it for a sec too)So best bet would just do a house hack if you can on a cheap duplex and pay 3.5% down.

Finding a property to BRRRRR is not as easy as throwing a dart, there has to be quite a bit of work done. 

I have been getting real conflicting information every time I bring this subject up so figured I would throw it up to the group for any insights on it.My question is, what action makes a property management company an actual property management company? 

Whats the best cheap lead sources?

Price seems cheap for a 3 unit and it seems like it cash flows..not ideal location imo but not horrible..

WhitePages is a cheap and great place to find information on someone!