Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

I invest primarily in a lower cost area but also own property in, and am looking in, a higher cost area.

And maybe diversify a little, invest half in a low cost S&P500 fund like VOO and the split the rest across 2 or 3 syndications.

I would say that your QI should be competitively priced, but the lowest price is not always the best. 

The previous owner used it occasionally and rented it out to offset some costs.

This designation doesn’t cost extra or give the manager access to insurance payouts but ensures you and the property manager are aligned during incidents, such as tenant lawsuits or insurance claims.

When you took in the increased cost of the build how did you arrive at that percentage?

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

For flips, ensure the profit margin after all costs is at least 20%-25%.

In southern CA, even garage conversion ADU additions are typically costing more than the value added.