Are they way under market, or is it manageable for now?

@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?

I manage hundreds of rentals and have had thousands of tenants, but I've never been sued once.

Assuming that continues and you manage your properties competently people will think you are way smarter than you are in 10 years. 

Do you plan to manage yourself or will you be hiring a property manager? 

This will save you time and effort, as you won’t have to travel long distances to manage different properties or handle tenant issues.For your first investment, I suggest starting with 2-4 unit properties.

Then pay them a fee for finding the deal and pay them 8-10% of rents to manage the rental(s).

Do they use pen and paper to record this information or do they have some sort of software to manage it? 

I ended up getting around 9 deals under-contract, while constantly being pressured by my manager to get more deals under-contract or he would publicly mock us in front of everybody.

. - 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.