As a "Land Lord' I guess you have the option to do what you want it's your money.Lazy is not paying attention to your investment in my opinion.Personally I'm not  lazy I don't understand the concept.I do understand how to maximize time, money, and effort to turn a unit, get the best possible market, income and keep my investment profitable, and my head above water so I can relax..sure I do some things myself and other things I hire out and it's seemed to work for the past 40 years so I guess I'm doing something right.

thanks for the 'heads-up' about my idea of trying to earn a referral fee.  

I suggest youIat unkept properties and give the owners a call or knock on their doors. they might not be interested now, but the idea might linger in their heads for a couple of months and call you when you may be in a better situation.

You hit the nail on the head about a network and relationships. 

Hi Shawn,I actually just attended one last night in Henderson that's put on by @Phillip Dwyer every month.

We already have low flow shower heads in the bathrooms, may need to change out the old toilets, as they use a lot of water.

However, he mentions Multi-Family in the heading so I assume he wants to buy and Hold for a rental property.  

I was trying to wrap my head around the 2 % and how I can figure out which percentage applies to my market but now that I was testing the BRRRR Calculator I've gotten more confused, because it explains the rule as being "Income-Expense Ratio" opposed to "Monthly Rental Income-Purchase Price", as I've seen in many places.

I do not have past experience in formal property management (managing trusts accounts and trust accounting among other issues) and this is doing my head in.

@Ray Vidos, my husband, Chad, & I are heading to the Lafayette Meetup.