Knowing the basics you then know what should be done should you decide to outsource the bookkeeping.https://www.biggerpockets.com/...

I strongly recommend you get this outsourced before it becomes a full time job and a headache.Best,

That's completely different than active real estate investing for which completing the transaction is the quickest and easiest part (and which can usually be outsourced to others more economically).

If you make someone's life easier or do tasks they would love to outsource you could have an in

Keep in mind that if this is a fixer-upper you would have to outsource all the work unrelated third parties, can't do any work yourself. 

1988 Duplex, 3BR/1.5BA Aprox 1050 sqft /unit, Both Rented $1050 (1)1yr/(1)Mon2Mon, Utilities Separate, Offer $350k, VA Fund Fee 1.4% financed, 2.65% rate, 10% downCost AssumptionsPurchase Price$350,000 Land Value (25%)$87,500 Building Value (75%)$262,500 Improvements$0 Closing Costs$10,500 / Funding Fee $4,900 (8,050 @0% down)Total Cost $365,400Financing AssumptionsDownpayment10.00% (0% possible with 2.3% funding fee)Finance Amt$354,900Downpayment Amt$35,000Interest Rate2.65%Mortgage (Years)30Mortgage Payment$1,430Cash Outlay$45,500Revenue AssumptionsMonthly Rent$2,475 ($1050 for the unit with 1yr lease/$1325 est. for owner occ unit, based on lowest est. of Zillow/Rentometer)Vacancy Rate8.00%ExpensesProperty TaxesAnnual 1,997 InsuranceAnnual 1,200 Maintenance & RepairsAnnual 1,616 Variable Cost PM(% Income)10% 2,732CapexAnnual 1,616 Lawn CareMonthly 20Total Expenses Annual 9,401Net Operating Income (NOI) 17,923CF & ROI (Outsourced Propert Manag.)Annual Cash Flow$1,001 Cash ROI2.20%Total ROI19.46%CF & ROI (Doing My Own PM)Annual Cash Flow$3,494 Cash ROI7.68%Total ROI24.93%*Based on both units being rented, understanding that owner-occupancy will affect these numbers.DescriptionBuilt in 1988, duplex, each apt at 1050 sq. ft. 3 bed, 1 bath up - L/R, EIK, rear room with W/D hookup and half-bath down.

Outsourcing and putting players to play in their best spots is more effective imo.

Hi Derek,Congratulations on deciding to start a mail campaign, I did one that resulted in 4 deals but this was 2 about years ago, since I was literally in the same position as you I choose to outsource it.

Is it possible to outsource it to a company?

What renovations in your opinion was easy to do by yourself and what projects did you outsource ?