You will be taxed on way more than $150k, and also this $150k number is totally irrelevant for the tax calculation anyway.

Hi Brian, everyone on this thread has great input!

I just signed a bunch of disclosures from my lender and after reading them it has me thinking, "Is there a cheaper way to do this."

I read Pamela's response in January 2025!

A PMC is the ONLY one that will deal daily with your property.Here's some copy & paste advice on hwo to screen PMCs:Recommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

I am actually kind of astonished by this.

@Virgilio Garcia thanks I've read some of your posts.  

I live in and mostly invest in the Fishtown area but thats because I know my renter and know this area more than most.

You can also search Google and read reviews.

I think I’m stuck in the paralysis stage, I have read some books and been to the conferences.