The managers are non-communicative.

If you move, renting in NYC and buying an out-of-state property could work, but make sure you have a solid plan for managing it.If you stay, buying in an affordable market and living there for a while could be a good option.

That is a good thing but if you have never managed it can still go sideways.

we just managed to get ong to run all new lines and separate meters for our whole apartment complex at no cost to us. 

I'm Igor - a revenue management expert with over 10 years of experience in the hospitality industry.

The model opens a pool of possibilities for owners who are prepared to hold and manage the property long-term.

I've managed up to 400 rentals and never offered a concession.

Servicing tasks can be outsourced to administrative assistance and new agents.If you have trouble with time management make this a daily habit.

Top 3 reasons owners hire PMCs:1) No time to manage correctly2) No time to learn how to manage correcly: laws, documents, processes, etc.3) They're too nice and need someone to "save them from themselves"A good PMC can usually earn their fees by better managing the property/tenant than the owner, thereby:1) Increasing owners net profit2) Decreasing owner's time commitment, stress, headaches, etc.No matter what though, you should always plan to commit a couple of hours a month to manage your PMC.

My goal would be to start within 1-2 years and get some more experience with the construction process, project management, financing/budgeting, etc.