It seems to me like really what I want a property manager for is to show the property for me, to deal with late night calls and coordinate repairs.

Call and discuss this with your attorney.  

I'm new to BP pro and are excited to be here!I'm looking to invest my 1st RE property and expand to at least 15 in the coming future. Im interested investing in within 100 miles of Dallas areas and also open to invest...

I'll drop a link to schedule a call down below if you would like to discuss the HELOC situation further, as I am a licensed loan officer. https://calendly.com/tycoutts

Investment Info:Small multi-family (2-4 units) buy & hold investment.

Sharing my experience below - Entered into a contract almost 18 months ago, after buying a piece of land.

to give some feedback, you will need to estimate the cost to repair the house; if you don't know how to do that, we just need some  information of what the house needs and the sqft of the propertyIf the house is, as an example, 2500 sqft, and It looks like you are stuck in time back in the 1980s, but the AC is working,  the roof is ok, and there are no foundation, plumbing, or electrical issues; I can assume maybe a $20 per sqft, so the rehab is about $50K to 60KIf the ARV is 290K minus 10% closing/holding costs, - minus 20% profit - $50K rehab, ideally, in this example, I need to buy the house for about $150K to flip it, but as a landlord, I may be able to pay a bit more, as long as rehab is not too much, and rental is about $3,000 to $3,500 a month

@Matt DornakWhat is the specifics- If it’s selling a property to buy another there could be programs that work but other than that, no owner occupied loan to delay financing

I use an app called Stessa for that.

Calling all Dayton, OH area investors, is anyone willing to share a referral for a great CPA with experience navigating buy and hold and flip investments?