I tried to evaluate pros and cons of both options.

Regarding if you should DIY manage or hire a PMC:Many new investors read a couple of posts and then think self-managing their rental property, and avoiding PMC charges, is an easy way to boost their ROI.The reality, is that many of these investors really haven’t taken the time to properly understand what it takes to properly manage a rental property and the corresponding tenants.Here’s a list of some of the requirements to properly manage a rental property:Knowledge of all local municipality, state and federal landlord requirementsIntimate knowledge of all Fair Housing statutesUnderstand all federal privacy laws, as they’ll be handling social security numbers and IDsProper business insurance in the event their computer is hacked and or they improperly dispose of tenant data.Where to advertise their rental, other than ZillowWriting ads compliant with Fair Housing statutesCreating a process to accept calls/texts and schedule prospects to show their rentalA rental application and application fees that meet all local and state requirementsKnowing how to screen applicants to avoid professional tenants and the growing amount of fraudulent dataA lease compliant with all local, state & federal lawsUnderstanding local and state requirements regarding security deposit collection and holdingRent acceptance options for tenants and accounting system to track, including late fees, etc.Plans to handle nonpayment of rent issuesKnowledge of their local eviction laws or access to an attorney familiar with evictionsHow to accept, track and respond to tenant maintenance issuesBuilding a list of handymen and contractors for maintenance and turns between tenantsExpertise at evaluating tenant damages to charge against security deposit when tenants move outResearching local utility requirements to avoid suspension of services that could lead to frozen pipes or flooded basements, etc.

So it may be no money down bout you need to have 12k in reserves while getting it ready.  20k for repairs or anything that breaks. 

And if you really thought it was a dangerous tree you might want to get something to prove it before it falls down (evaluation from a tree company, etc) and send it to them certified to the address on record with the county for the owners.  

Thank you for your insights and for pointing me to resources that should be reviewed so I can build a model in Excel to evaluate this decision. 

It is important to conduct comprehensive research beyond Zillow; you may want to hire a professional home inspector to evaluate the property's state and repair requirements, as this information will affect your offer.

Sometimes, these deals may lack the margins necessary for a prudent investment.If you ever need assistance evaluating deals to determine their suitability for your investment goals, I'm more than willing to offer my expertise.

You'd need to evaluate risk as over leveraging can lead to disaster if your tenants stop paying.

Our lovely East Coast boasts some ideal areas that have shown consistent property price value increases over time, making them attractive for long-term holds, particularly in the rental property market.Consider these cities and zip codes in Southeast Florida:Miami-Dade County:Miami Beach (33139, 33140)Coral Gables (33134, 33146)Brickell (33131)Broward County:Fort Lauderdale (33301, 33304)Pompano Beach (33062, 33064)Hollywood (33019, 33020)These locations have witnessed remarkable growth, but it's always wise to conduct your own research and evaluate factors that align with your investment goals and risk tolerance.If you'd like to hear personal experiences or discuss further, I'm more than happy to chat with you.

After purchasing, I flew to Detroit to evaluate my properties and meet Nader and his team.