I periodically go on and change the order or add a new one but honestly, I haven’t seen it make any difference. 

.- The inspections are only 5 years, but tenants are not likely to take care of them home as well as you, and refurbishing hardwood, lath and plaster, and anything else is going to be much more expensive than the typical Landlord special (white paint, and grey LVP)It will all come down to making your numbers work.

Do your homework to ensure you are picking someone competent and honest.Remember: cheaper doesn't mean you'll make more money.Start by going to www.narpm.org to search their directory of managers.

In his recent project he was able to build it for under 190k - 1 bed 1 bath unit with about 450sqft and it is going to rent for $1800/m. 

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Ofcourse my mistakes would cost me if done all my self as well.So i am thinking that by going through paid consulting, it saves me from mistakes and time.

That's unusual and it would be very difficult to find a passive investment like that.Also direct control means I know exactly what's going on.

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Personally a big pass for me going forward on funding.

If you sell your only overachiever to go with a more leveraged position, you could have 2-3 properties that may cover themselves or even provide a little profit, but when the rental markets shift (and they do), now you have 2-3 properties that all require you to supplement for their shortages.