Managing a multifamily(+16)

[Mario Am]

Hey.

I am considering purchasing a multi-family/building that has between 16-21 units, most articles out here that I’ve read focus on 2-6 units so I couldn’t find a clear answer on this.

Before I really start it out, I have a few questions for the ones that have experience with those type of investments.

1. I live in CA and considering purchasing one out of state,

Is it possible to manage those out-of-state or do really need to pay a big chunk for a property manager?

2. If I do decide to move out there and manage it myself, wouldn’t it be like buying yourself a full time job?

Like how many hours a week would it take to manage this kind property?

I am trying to get an estimate because I just love my time haha.

TIA, Mario