A PM should cost around 10% of gross max, not 50% or worse.If your doing repairs yourself then your not living your best life anyway.Start interviewing PM's and turning over a few properties to start with.You could also use multiple PM's and get rid of the lower performing ones over time.

Long term I believe the 3/2 will perform better due to its size and being in a better neighborhood.

Disclaimer: The information provided here is for educational purposes only, past performance is never a guarantee of future performance.

I have a home with 8 bedrooms that I have >$5,000 a month in revenue come in from, after all costs including PITI, Management, funding maintenance, and utilities I pocket $2k a month, each of these two homes will perform just as well I can easily meet the note and set aside cash so a 3 year refinance absolutely works.Thanks for guidance!

However, a strong company ethos coupled with employees who care, can out perform any service a veteran of the industry will provide if he no longer finds joy in his work.2.

@Max Tierney I’ve only owned my cabin for a few months so my data may not be the most reliable but I’ve been pleased so far with how it’s performing.

My portfolio consists of multipleasset classes and multiplemarkets so unlike others we are prepared for a poor economic cycle as much as growth.

Renovations consisted of all new paint, flooring throughout the house, trim, lighting/ceiling fans, and fixing many small issues as they came up.

The Negotiation Dynamic is like a stage, where the performance (your negotiation with the Seller) is about to play out.And that stage is set by your lead generation strategy.

Additionally, although he says he doesn’t necessarily need to replace the income that was generated from the property, I’m thinking a consistent monthly payment with absolutely no work for him and no stress of managing the property anymore may be appealing.I need to sit down and look at the numbers and come up with an offer that is advantageous to us, but also fair to him.