. - PM provides a cash based accounting report every month, for every unit under management, that clearly labels all rent, all expenses, including management fees, and the net directly ties to the amount of money deposited into my bank account.- PM is a licensed handyman, or has them on staff, and takes care of most unit turn work at a reasonable rate. - PM has no breakup/termination fee- PM does not take project management fees, except on large or complicated CapEx projects exceeding $5,000. 

Networking with Canadians who’ve invested in the U.S. and finding good local agents or property managers will also help a lot.

Being able to be on site and able to commute 20-30 hours a week on the project is crucial for me 

Try interviewing at least three managers.1.

@Chanel Snerling if you're going to rezone in those Neighborhoods, you'd be better off going with max number of units possible.What construction project development & management experience do you have?

However, given the price points in NYC, I am looking to southern CT so that I can start small for my first project.

After 30+ years of property management, I'd say get used to it sucks. 

@Gary Abrams A cloud based solution would work really well in your scenario of having other family logging in and helping with management. 

I do not judge anyone that sees a high projected return and becomes interested.  

It’s definitely worth exploring if you’re looking for a robust management tool.