If the property has run its course of usefulness for you and you feel that the capitol is better used in other areas then by all means rock and roll!

Hi Bobby, I've been managing my rental properties all remotely.

My primary residence is a condo where there are only 5 units and we all make up our HOA.

From what you posted this is going to take a decent amount of all to make an already unprofitable property just a little less unprofitable.

All are being used as LTR and managed by local PM. 

Wishing you all the best on your path.

Additionally, another neighbor who owns an adjacent parcel has expressed interest in joining the project, contributing their land to the development as well.I believe this could be a great opportunity for all of us, especially as a unique retirement plan for my family and my neighbors.

While they may answer their cell phone at all times of the day, most owners soon find out that the manager is spread too thin and constantly over-promises and under-delivers.At the other end of the spectrum there are owners who are too hadns off, leaving their PMC to try to figure out how much they can do without owner approval.

But exactly, it's too soon to tell right now, all we can do is keep our finger on the pulse for our own portfolio and for our investor clients. 

It’s a full time job (literally it’s my job) and we will self manage and probably be at 35% expenses (which is a little lower than normal as we already took care of all the capex for 5-10 years)To buy this building turnkey would be at least 2.5MM if not more.