I was hoping it was going to perform well, since it is in a lakefront project, just South of downtown.

But if your properties aren't performing well, then you can look into selling and buying rental properties that perform better elsewhere.

Investors way more experienced than me suggest building a portfolio of high quality properties that produce well instead of a ton of low quality under performing properties. 

All the responses greatly enhanced my understanding on a subject of interest.

I believe if you use a quality PM the financial performance will be close to self managing an LTR.Good luck

I am extremely handy with a vast collection of tools so can perform improvements myself.

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!

Can't you perform better buying 50 units in a market that perhaps has a higher cost of entry but due to better fundamentals experiences significant appreciation?   

Here are a few examples: - $184 million dollar Amphitheater venue - $70 million dollar Grand Rapids Public Museum expansion - $55 million dollar River Trail enhancements - $40 million dollar riverfront restoration - $80 million dollar Corewell Health site - $175 million dollar Soccer Stadium

A key factor to a C4D seller is how there asset is being protected, so they have assurances that value remains regardless of your performance.