I’m not really a “people person.”A PM can definitely pay for themselves just in higher rents, late fees, collection of damages beyond security deposits, and reduced vacancy.

Have you seen it in person?

Most 2nd position lenders will want the investor to have skin in the game (invest their own money) AND be paid a double-digit return.When you purchase property, you ALWAYS need to have reserves, but in this scenario, you really need to have reserves since you will need to make 2 large debt payments every month.

It's a numbers and operational organizational game.  

But don't take yourself too seriously, make it a game you play for fun and profit.it is your job as an investor to get to their base-line price - you can only do that by asking questions and getting to the right answers.Questions: how long on the market and how - agents or FSBO?

Every single seller we've bought from has some type of mom and pop characteristics.From personal experience, I can tell you that masterminds are fantastic for networking.

Are you going to go with residential, personal lending, or commercial?

I have a few of my higher priced ones in my personal name because you can have up to 10 conventional in your personal name and they have typically have lower rates, so might as well save them for the bigger ones.The majority are in LLC's. 

.- Personal savings rate as a percentage of disposable income is very low (3.6%)- Unemployment is very lowMarkets don't stay ecstatic or suppressed forever.

It kind of depends on the person.