We encourage all our investors to budget for working with an experienced property manager as they can keep you compliant, handle the tasks you would prefer a professional do, take care of the maintenance and unit turns, and should add value with their service and experience.Buying a duplex and living in one unit or renting out rooms in a single family house is a good way to get started as it requires less down or look for a value add duplex you can refinance shortly after making improvements.We help investors do this in Michigan.To Your Success!

Currently I am doing this manually and it only takes a minute, but many minute tasks add up.Great listminut Features:Need WiFiAdhesive or screw mount with magnetic connectionCan add team members. 4 events: noise, smoking, in door climate, crowd detectionOutdoor mode is noise only.

Today those properties are some of my best performing rentals and reopened my eyes to long term rental ownership.Everything I do is still heavy value add or ground up development but holding long term has changed how I underwrite and design projects compared to a scenario where the real estate is sold immediately after completion.First, I can justify using higher quality and more durable fixtures and materials.

I am a developer & land specialist in Florida.

Quote from @Marcus Ball: After struggling with local rehab properties in California, I switched to build-to-rent developers and chose a 1031 exchange.

You can still find properties around 120K–180K that hit the 1% rule and produce real cash flow, plus there’s strong appreciation potential because of all the development happening.

You can still find properties in ranges where the 1% rule is possible depending on how you buy, and there’s a ton of appreciation upside because of all the development and job migration happening.

Keep the letter short and include photos.Third, consider connecting with local builders or developers.

In practice, a manager can handle day-to-day execution (guest messaging, cleaners, routine issues), but the owner needs to perform and document meaningful owner-level work—pricing and policy decisions, vendor selection/oversight, approving repairs and invoices, listing strategy, bookkeeping/financial reviews, and compliance tasks—because if the manager logs more hours than you, the “100+ hours and more than anyone else” test becomes difficult.

Be very careful of what you buy, sometimes there are lots/parcels that have latent development constraints that are very expensive to overcome, or sometimes they can prove to be a fatal flaw.