It seems like there are a lot of choices out there so I am looking for anything that can help me navigate making a decision. 

I currently use RentRedi (courtesy of BP Pro) to self-manage the tenants.Where We Are NowIt’s been three months since we moved in, and while the renovations have been challenging, I couldn’t be happier with the decision.

What did you do other than trust everyone else to make decisions for you?

Unless you have very small apartments or with strange layout, I think you should be shooting for higher rents in this neighborhood which would probably make the decision for you to just go ahead and get the rehabs done before next year's high demand rental season.

It seems like you are looking for someone to push you and say just do it but its a personal decision at the end of the day.

Operating Agreement: This document should outline each partner’s investment, share of profits/losses, decision-making authority, and exit strategy.

In the middle of trying to make the same decision (only from CO), and have learned that keeping the property is not financially wise since the ROI is low (<6%). 

You are too tied to those two decisions, neither which are good in my opinion.

Real estate is very different.Landlord-tenant laws are only one small component of the decision-making and it's just an issue you deal with when for investing in a highly dynamic market like NYC.On the flip side, if I take my market Milwaukee: despite a chronic housing shortage, we don't have a national home builder working here.

Whenever making an investment decision, please consult with your tax attorney or financial professional.