Can you manage the property or find a buyer?

Partner Driven financed the Turner Dr deal by using its own capital, covering the $52,000 purchase price and $14,700 in renovation costs.

I've been going through "The Multifamily Millionaire:  Volume 2" and in Chapter 13, they talk about property management ranging from 4-6%, on top of on site management that is on the owner's payroll, separate from property management, and that you should budget about 1 staff member for every 40 units.If you (the owner) are already paying a property management firm, why do you have to have on-site management separate from the PM? 

Partner Driven financed the Wren Ct deal using its own capital, covering the $128,900 purchase price and $50,000 in renovation costs.

They had signed the lease, but I had held off signing until they paid the upfront move-in costs. 

Partner Driven financed the Crossfire Dr deal using its own capital, covering the $295,000 purchase price and $10,000 in renovation costs.

Here are some tips and insights to consider as you begin building your real estate portfolio:Options:Refinancing: If you have equity in your condo, consider refinancing to access funds for future investments.Investment Loans: Explore options like conventional loans for financing future rental properties.HELOC: Depending on your equity and financial situation, a Home Equity Line of Credit (HELOC) could provide flexible financing for down payments or renovations on new properties.Build a Financial Strategy:Budgeting: Create a detailed budget that includes mortgage payments, property taxes, insurance, and maintenance costs for your rental property.Cash Flow Analysis: Calculate expected rental income versus expenses to ensure positive cash flow.Emergency Fund: Set aside funds for unexpected repairs or vacancies.Research the Rental Market:Location: Choose rental properties in areas with strong rental demand and potential for appreciation.Tenant Profile: Understand the demographics and preferences of renters in your target market.Market Trends: Stay updated on rental market trends and local regulations affecting landlords.Property Management:Self-Management vs.

Low acquisition price, medium investment cost.

Not a good idea for some of the same reasons-high costs of purchase combined with inexperience and renos gone bad/out of control. 

Consider factors like flight convenience, property management options, and your comfort level with the local market conditions.