Consider that he could probably hire a property manager for a lot less.If you can convince him, more power to you...but you should be realistic about what your cash flow will be (it WON'T be $2000/month), so that way you can set realistic expectations with the owner as well.Also keep in mind that if you don't have an equity in the property, it may be illegal for you to property manage it (depending on the laws of your state).

They were prompt, efficient, and accurate.

Those are some pretty powerful motivators. 

You can potentially get better lawn care rates, PM rates, maintenance, etc because of the efficiencies the density of your properties all in 1 spot allows.I'm by no means a baller but you don't sound like someone who wants to dip a toe in... you're talking about dumping $300k a year into real estate... so if you're going that route, all in... go big or go home.For most people I would say buy 1 property, wait 6 months to see what you missed in your first deal, and then move forward... but most people don't have $300k in liquid capital to dump... most tie up their entire life's worth in that first property.  

It sounds like a power struggle at this point.

It is a very simple, yet powerful name!

Go play around with some retirement calculators and see what the power of compounding interest will do for someone of your age.It makes it harder to spend, when you actually see what it costs you to spend it… And once you actually understand money.

I might even fix up the electrical enough to get power up, since I can do all that, and the cost of materials is next to nil, and that will enable me to run fans to air out the property, power tools to do the "puttering around," etc.2) If that fails to make it attractive enough for a cash buyer, offer the best terms possible to minimize the rehabber's out-of-pocket expenses and facilitate the easiest deal.

Hello,I know there are not many Minnesota investors on this site, but does anyone have a recommendation for finding pre-foreclosures in the most efficient way?

From first sight, they look like the same tree types used for power lines, but I’m still researching to confirm.My thoughts were to price the timber on the property and use it to cover the cost of purchasing the land.