Shall I manage it myself

[Gary B.]

Hi Fellows, I am purchasing a 5 unit property 2 hours away from my home. It is in a good school district and has stable tenants. Shall I manage this property myself or hire a property manager? Will appreciate your expert advise.

It is 1950s property and will need some regular repairs. Not completely sure on math but I will have $6,300 coming in as rent and fixed expenses of $4,000 covering debt services and other expenses.