buying in the inland empire, need help which one to buy. here are some details:Condo 1500+ sq ft, newer community, accessible to freeways an shops150K (built 2005) cash offer of 150kHOA 300/moprop tax 150/momgmt 145/moinsur 50/m0rent about 1450/momy calculations about 6.5% net return, vacancy not included to make it simpler, appreciation may be slow, prior sale of this place $286ktriplex older built in 60s, 2/1 x 3500k at 150k down at 5% interest 1460/mo for mtgrents $3100/motax 500/momgmt 300/moinsur 150/mowater uttilites 100/momy calculations about 4.8% net return, assume no vacancies, appreciation slow, nice older matured community.fully paid vs, paying down rent.

Until you explore that concept, I would put the Sub2 plan on the shelf.  

He understands the concept of leverage, so I assume financing.

I like the concept of a full time supervisor to hire qualified subs.

I have looked into the concept in the past, considering it for a property we own in Redding, CA, etc., and also considering marketing properties we build in Orange County as VR.  

If you want big picture stuff and concepts/articles.... great resource.

The whole concept behind leverage is to increase your ROI. 

In my experience it yields better results as people know what concepts to talk about.Best wishes!

Your guests are well informed and are able to explain fundamental concepts so newbies can easily grasp them.

Certainly much simpler to start with an already existing and cash flowing 2-4 unit, where you just have to keep it going, and maybe make small improvements to increase rents.