Brings up an interesting question:  as investors do you typically calculate in some sort of property management cost (whether you decide to outsource or not) into expenses before getting to NOI?  

Will outsource it to a property management company.

Also, out source different investment & real estate books.

If you have many projects, such as CFO outsourcing, I'd look at pricing the bundle or set a fixed price per month for repetitive projects.

One of the recent videos from the new #askbp podcast is about this topic. http://www.biggerpockets.com/renewsblog/2015/04/21...My thoughts:The good = access to listings, knowledge about contracts, save money on transactions, able to make additional income by finding properties for other investorsThe bad = time, cost, administration (you save money on transactions b/c you have to do all the paperwork)Some people want to focus on what they do best and outsource the rest.

When the money starts coming in and I have better use for my time I will likely outsource the letters.Two days after mailing my first batch I received a three calls.

This would have the dual benefit of giving you a head start on PM screening if you are looking to outsource that, plus they might have leads on owners that are looking to sell.  

I like the idea of outsourcing this work.My concerns are if the leads being sold are recycled.

And you may miss your day job :))) just outsource all possible business process and be an investor

I tried to outsource this to a remote book keeper, but have found that having one local has worked the best.