First PM was horrible; fired them after 6 months.

Of course even though I tell them what I want and they say they can help me, after 20 minutes into the conversation they only give me options to refinance or give me a horrible second mortgage offer.

It's already been noted, but...I'm seeing $0.00 down for property management and that you plan on doing that yourself.So, if everything goes well... you've bought a second job.On the other hand, if your wildest dreams come true and you own the entire neighborhood by this time next year, you need to hire a property manager to handle your two dozen units at 10% each.... and this one is netting -$5 a month.Or something goes horribly wrong, (Illness/Injury/Drafted into a secret army to fight vampires).You can't defend America's precious bodily fluids and manage property effectively.

Erie is notorious for not having any decent pm ‘sAgresti has horrible real-estate services , hopefully their management skills are better .

Of course they left the place in a horrible state, I couldnt believe people can actually live like that.My first experience has been bad enough that I want to just sell and get out and not do this again.

In the end, it's all good but I'll also feel horrible if my friend gets taken advantage of by the property management company.  

Corroded pipes under the kitchen sink that had a horrible taste and smell to the water, it was then that they offered to let us break our lease but arent being forthcoming with the deposit... which im assuming they spent quickly. 

@Angie Shires Your estimate percentages look pretty good, CoCROI is low and so is cash flow, but not horrible.

@Ralston GroseNot horrible but not great , I wouldn’t do it

We've had our share of horrible guests.