It would be tricky to track billable hours accurately but I’m sure there is software to make it easier. 

Non performing assets are why the notes are so cheap and give great returns. 

You will have to gather more accurate operating costs (vacancy loss, taxes, utilities, insurance, mgmt fees, maintenance, HOA) to best determine potential future performance.

-------------------------------------------------------------------------------------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.

As it's been non performing.

Go read my post again, I just said the message in the OP actually tells me a different story-- those larger metros performance is superior.

Here are some key elements to include:Lease Agreements: Ensure your contracts reflect the latest laws, such as notice periods for entry or rules around security deposits.Fair Housing Compliance: Familiarize yourself with federal, state, and local fair housing laws to avoid discriminatory practices.Property Standards: Regularly inspect your properties to ensure they meet safety and habitability standards.Tax Documentation: Keep accurate records to comply with tax reporting requirements.4.

Stretch the terms or better still negotiating favorable terms with the seller could significantly ease the burden of acquiring the property.Private Investors: As of December, the stock/forex market are performing bullishly. 

Hi Michael,If you work with investors I'm sure they'd be willing to share the cost of their project so you can get them more deals with accurate numbers.

I'm using LandInsights to select the top performing markets across the country.