Will property management company make up for my inexperience?

[Robert Dabicci]

Hello, I am a new investor and was thinking I'd start with a single family home to wet my beak a little in the real estate game. However, when searching for deals I found a ready to go 4-unit that should cashflow for around $750 with 30% cash on cash return. Starting with a 4 unit kind of makes me nervous because I am inexperienced and I have a full time day job that doesn't allow much flexibility. However, if I plan on hiring a property management company should I really be any more worried about starting with a multi unit vs single family home? Should my main focus be the numbers of cash flows and return on investments and not so much on the work it takes to keep rented and maintained since I would be paying property management company for that? I included 10% property management fees in my calculations.

Thank you

[Eli Lederman]

They can be great to help you manage day to day property matters.

They can't help you make business decisions.