We recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

If you get to know 2 - 3 markets very well, build networks there, and your boots on the ground is picking winners every month then the money will come.Too many people ask how to raise money without something to offer the people with the money. 

I think these options are quite attractive as you have fixed financing compared to the 5+ multifamily that changes every 5 years.

You will also need to pay your own electricity, but all other items are included (water/sewer/trash, upkeep of amenities and grounds, security, exterior insurance, and Internet/basic cable).Peak season is March 1 - Labor Day with bookings running into October (still great time to be at the beach). 

Your market insight is a big asset especially for out of state investors who need boots on the ground.

Buying a single-family and going through the steps of renovating, then advertising and renting it out will be a good learning curve - from the ground up.

I just closed three ground-up construction loans in the Jasper area last week backing up to Big Canoe.

The ground floor was intentional because we have large dogs and allow guests to bring dogs due to back yard walk-out and not disturbing neighbors below.

Then, if you are not satisfied with what you find, you can explore other options, but for now, I would find out what is happening on the ground face to face.Best of luck - Chris

Hey everyone – I’m Stash Geleszinski, based in Cincinnati, OH.
After over a decade in commercial brokerage—most recently as a Managing Director at Cushman & Wakefield—I’ve gone all-in on investing and operating. ...