You can start with one property perhaps with a turnkey company, get to know the business and gradually take the reins so you can do it for yourself on your next properties

And as Amber said as well, I understand you wouldn’t just flat hire an in house PM one day, the reality is the PM companies are doing a variety of functions (leasing, collections, repair oversight, and so much more), so I wanted to see how people gradually move into that as they scale vs. continuing with 3rd party PM companies. 

Somehow the spirit of the law of personal property is beneath only the most craven dewberry pisshead cockup pratting naffs, dankish clack-dish plonkers and gormless crook-pates that are the undoing of your sanity.Any hopes of finding amiable human beings with which to conduct basic, honest business have gradually replaced themselves with the image of a dark carnival of dread-bolted fobbing, clapper-clawed flirt-gills.

I don't really understand why you need to gradually decrease your fee if you are doing a good job as a PM?

Well, I'm gradually reaching out & gathering data for my binder, it just feels like I'm on an open highway & everyone around me is zipping buy while I'm churning along on my bulldozer.  

So I guess we are in a slowly declining market with low transacations, lower econonmic activity, increased unemployment and a gradual moderation in rates.

Given your focus on maintaining rental properties, your journey will be one of patience and gradual progress toward your long term objective.

That’s the way to hedge your bets and gradually overcome your fears

The investment includes, updating all bathrooms and kitchens, flooring, update all windows, repair exterior damage, paint inside and outside the building, repurpose the two conference rooms and landscaping.For the building on Y Ave, we will perform an investment of $110,000 gradually, which means that we will focus in the vacant units first, the investment will consist of updating the refrigerated air units, update kitchen and bathrooms, flooring, as well as the exterior and interior feel of the building.As a Rotarian, I believe in serving my local community by offering high quality affordable housing and my business partner Shane shares the same mission.

Ask them for suggestions on how to bridge the gap--you may find that a gradual increase to market rents over several years will work better than a single large jump (=they leave = vacancy).Or, if you're looking to flip/sell, just raise the rents, aggressively find new tenants, and then sell at new cap.Jeff