1st property from 188 miles away

[Mitch Kenney]

Hello everyone!

I looked in the message boards for my answer but could not find it. My wife and I live in the bay area and are looking to buy our first apartment building (appx 8 units) in fresno. Fresno is 188 miles from us so we would need a property management company.

Does anyone feel that on this small of a building that the property management fees would eat too much into our cashflow and it would make more sense to buy something closer so we can manage it ourselves? On our first property and it being rather small does anybody feel we should manage it ourselves? We have thought about moving back to Denver to invest where it may be more feasible.