Considering starting a Property Management company

[Connor Mather]

I am wanting to start a business related to RE investing. I am also currently managing my own properties because I am not at a point where I am dealing with headaches (6 tenants under two roofs). I have read a few of the BP books discussing how important it is to focus on working on my business (Real Estate Investing) than in my business as a property manager. However, I do believe I would be able to outsource much of the work in the property management business and hopefully make income off of managing other people's property.

I admit that I don't know what I don't know. However, I do know that one cannot just start managing other properties without a sales persons and or brokerage license depending on the state. I am in the process of getting my RE license. I also know that property management is a lot of work as expansion happens and can be challenging to scale. I do like managing/owning my business but am a little hesitant because I don't have experience starting a business and feel like: 

1. It may take away from my RE investing time

2. It will be a lot different dealing with RE owners and their tenants compared to me just dealing with my own tenants.

I am seeking advice from RE investors who have started PM companies themselves who have had both positive and negative experiences and what they were

I am also seeking advice from RE investors who would absolutely never do this because of x,y, and z reasons. 

Thank you all in advance for your thoughtful responses