They just pay the invoices.

It may sound nice to pay a 6% management fee but the extra fees can add up to be more than the other company that charges 10% with no additional fees.

And you don’t have to pay it back when you sell, you do an exchange.

One didn't make your list.1) I see people all the time raising money for real estate deals but they call it a partnership either because they are ignorant of the law or they are trying to avoid paying for all the legal work. 

Not really worth paying their points if they are just doing what you are already doing. 

At full occupancy, the cash flow I just keep in reserves for repairs or help pay the principal. 

After I make those payments then my lease with them is for $5,250 for 12 months where they pay all of the utilities.

Market goes up and down and your tax implication comes into pay when cashing out. 

.✔️ You’d rather pay for peace of mind and legal compliance.Final ThoughtsIf you’re house hacking a small multi-unit (like a 2- or 3-flat) and are comfortable being hands-on, self-managing can be a great way to save money and learn the business.

Quote from @Paul Lucenti: Would you rather have monthly cash flow or would you prefer a quick pay day after 3-6 months?