Typical third party management fee for commercial property (not apartments) is 3-5%, in my experience. 

Check out this chart: FICO Score Pct of Population Default Probability 800 or more 13.00% 1.00% 750-799 27.00% 1.00% 700-749 18.00% 4.40% 650-699 15.00% 8.90% 600-649 12.00% 15.80% 550-599 8.00% 22.50% 500-549 5.00% 28.40% Less than 499 2.00% 41.00% Source: Fair Isaac CompanyMake sure you understand the Class of properties you are looking at and the corresponding results to expect.Metro Detroit has 132 cities, the City of Detroit 183 Neighborhoods, which we’re analyzing and classifying.

My wife and I are excited to be jumping into the investing scene starting here in San Antonio. 

My property is in Kissimmee, within the Terra Verde resort.   

One CMA I did for my client a few months ago in Redwood city - they gained about 600k of equity after 200k of work. 

My first priority beyond developing a clear approach/strategy is to build a great team - an agent, lenders, contractors, etc. that I can get aligned with.

Also open to tips on how to figure out if a location is a good fit and how to run the numbers properly.

If you’re struggling to source opportunities or just curious about what’s out there, I’d be happy to share what strategies I’ve seen working in today’s DFW market and point you in the right direction.There are definitely creative ways to break in — including options for house hacking — and I’d love to connect with others who are focused on growing their investing journey here in the DFW area!

Challenges: Limited Inventory: The availability of duplexes in desirable neighborhoods seems scarce.Financial Viability: Many properties that are available either don’t generate sufficient rental income to offset mortgage costs or require significant renovations that exceed my budget.  

They’re also a great source of guidance and real-world lessons.Happy to connect!