I could also increase the NOI by taking over management myself.Seller is motivated to sell because he's out of the area and trying to consolidate his holdings for easier management.  

Did you wind up using one of the above property managers?

I also manage for some folks who buy $100k and rent for $1400 so there are a few ways to make the numbers work.This is a snapshot of Zillow...in the nicer areas you can buy most anywhere since you are sniping the rental-grade properties amongst the owner-occupied prices.

We're funding in excess of $35mm a month in short-term, construction loans, so we're doing something right.As for the idea that some construction manager builds your rehab schedule is false.

Correct but this will be a STR in a prime market with pool and by beach so I am sure I can manage to break even

Investing locally you can self manage.

We are looking for a structure that will permit us to easily raise money without complicating the management level.Curious to know what people recommend for jurisdiction and structure for such an entity.Thanks in advance for your help!

Investment Info:

Small multi-family (2-4 units) other investment.

Purchase price: $260,000

Cash invested: $5,000

This was a short term lease option agreement to help the original owner get back on tr...

What is your management style - hire PM or manage yourself? 

Can my property management company manage the property and receive the income?