I personally would never either :) We self-mange and have had tons of good luck.

HelloI have rentals in Plainfield , Danville & Crawfordsville West of Indianapolis, My Prop Mang for Danville are great.

This is my firs and only 'investment property' day far, and I don't know if I should create a company, or just personally mange it on my own account?

@Rich Ng you make a valid point.

•Is it worth it to hire a realtor to mange?

Account ClosedYou could possibly buy a portfolio of properties already performing and hire a GREAT dependable/honest property management company to mange them for you.

Quote from @Bruce K Ng: So I'm looking at a commercial property in Los Angeles county and this area has rent control in place The property is a 5 unit, and they are all 1/1's.

W R O N G.

We self manged for 5 years.

@Charles D Cruz the $20k on rehab comes from:Windows/ exterior doors: $7,000 contractor will do this work.Appliances: $3,000Cabinets/kitchen floor: $7,000 New furnace: $3,000 (need to get rid of the fuel oil furnace and switch to NG)I know someone mentioned the cabinets just need to be painted but they are to far gone for that.