Are they way under market, or is it manageable for now?

I have one rental property that I have been self managing for about 10 years but I'm looking to exploring and potentially doing my first Flip this year. 

We did a bunch of research on where to purchase a turn key property with management in place.  

I have been following the Real Estate Investing industry for a while and just recently decided to put my focus into it and implement a plan I had in mind for years.So I went down to Puerto Vallarta I put together a team of local realtors, brokers, contractors, property managers and a lawyer. 

I am from Ohio and will be down in Atlanta from 1/9/24-1/12/24 and was hoping to network with some real estate investors for lunch or a coffee (or at a project you might be working on).

And I was constantly more worried about my own project.

Quote from @Zara Massoud: Your new PM is correct and the old ones were wrong.The property manager must have your social security or tax ID number on file.

Do you plan to manage yourself or will you be hiring a property manager? 

While qualified dividends get preferential tax treatment, real estate offers:Depreciation deductions1031 exchangesCost segregation opportunitiesHome office deductions for your management activitiesAnd more!

If you don’t mind a little more advice…when I’m running projections like this, I like to use the worst case scenario and if the numbers don’t work out in that scenario, I usually pass on the deal.