Hire the right contractor, and time boxing.

@Jeremy HusonGoogle these: Alpha Funding Corp Anchor Loans Angel Oak Home Loans Ark Home Loans Canyon Investments Level Up Capital Castle Commercial Capital Expand Capital Group Fidelity Residential Funk Financial & Consulting Green Block Inc Homelife International Mortgage KAM Legacy Kiavi Moneyboots Capital Lynk Capital Mbanc Next Bridge Funding RCD Capital RCN Capital Temple View Capital Funding The Hard Money Co Zinc Financial Citadel/Acra Everest/Griffin Funding Finance of America Commercial Lima One Capital CIVIC CoreVest Finance Shiloh Investors (broker) Corelant Constructed Loans Cogo Capital

You can't hire inhouse for what they are charging.  2. 100% of first months rent is high. 

Don't forget to familiarize yourself with local laws and regulations; hiring a local attorney can help navigate the legal aspects.

That said, people say it saves maybe 30% vs hiring a GC, and it might be even more for that in our case, hard to say until we're done.We've had good experiences with the RWC bldg dept, inspectors are nice and helpful.

I recommend hiring a Bookkeeper who is Independent of the PM and knows what they are doing because if they PM is doing weird things they can catch it and have no care if you fire that PM. 

I would not let some arbitrage my property because I can do it myself and cut them out :)Even if you are not interested you could hire a good local manager and still cut them out.

Are you GCing the deals and subbing out the work, or are you hiring someone to basically do everything?

We're currently working in the business quite a bit right now, but as it grows we'll be hiring to have it fully staffed with passive income to cover our current expense plus more. 

All the more reason to hire a good property manager, or if one insists on self-management, make sure you get to the property at least once a year.