It will firm up quotes from the subcontractors, make your contracts much stronger  and also make the project move far smoother with better communication between the trades and reduce the risk of change orders. 

@Mary Kenney if you are looking in to Winston Salem, NC area I own a boutique real estate brokerage firm Wayfinder Homes LLC and my team and I would love to help you find a property.

Cheap Lands firm came in possession of the land.

I always look at SDE (discretionary earnings) and if it's a typical PM firm with 30% margins (give or take) then the $100,000 in collected rents should yield $10,000 in revenue (assuming 10% PM costs) which would give a profit (SDE) of $3,000.  

When first started this series, the owner of the firm messaged me here on Bigger Pockets and asked if I'd do a review.

I was polite but very firm and upfront.

This guy bargained the rent with you so you better be on firm ground on whatever you tell him about the animal.

That said, the smaller firms are just that, smaller, with less awards banquets, and all the hoopla that can attract new agents (shiny object!!)

 Hi Angie, the unit already has a property mgmt firm and I accounted that in the cash flow.

Additionally, thinking about investing in different property types or enlisting the help of a trusted property management firm may be wise choices.