The numbers often look the best in some of the worst areas to manage and on properties that have the most deferred maintenance.

Between downtime doing Self Storage development, management and Country Subdivisions glad to give input on BP. 

Your account structure depends on your goals for growth and if you plan to self-manage or hire a PM.

However, I quickly realized this group could be challenging to manage.

Sometimes they forget to tell you that many tenants in Detroit don't pay (depending on the property manager skill and the type of tenant) - but taxes are very high in the city and so is insurance. 

With $150k here you’re just a little tight on budget but can make it happen if you self-manage and do your own furnishing and design.  

I recommend reading “Long-Distance Real Estate Investing: How to Buy, Rehab, and Manage Out-of-State Rental Properties” - I found it to be very helpful when I got started investing 2.5 years ago.

At that point my project manager (and partner) started pushing him. 

In terms of property management, she mentioned that she has her own property management company.

Sometimes, I see investors lean into property managers who know the landscape and can “drive for dollars” around the block.