Lucas, I respect your willingness to step up and take on property management, but I want to strongly caution you (and your friend) about the risks of managing a multifamily property without experience, certifications, or financial investment in the deal.

We bought a great deal and are clear what needs to be done before selling, but our hunch is that some renovations will add value to an end buyer but not to an appraiser.

I’d love to swap stories! Let's connect!

For instance, one client is currently dealing with a claim where a plumber sent to repair a toilet was accused by the tenant of sexual harassment. 

I wrote an entire article on how to structure your deal from the beginning (which means you would need to go back in time) HERE. 

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Depends on the deal.

It becomes more difficult to refer the deal or collect a commission, although wholesaling the deal could be an alternative.

They would stay based on their teaching schedule so they didn't have to deal with traffic. 

Other local landlords are going to know where to get the best deals most likely.