After years of self-managing our single-family rentals, we decided to hire a property manager to provide full service management.

Hi @Diandre Pierce,You may want to think about a DSCR portfolio loan for your existing 7 properties.

I rent my portfolio out as LTR and self-manage.Good Investing...

Even though I wasn't a good asset manager, I made money on my properties. 

Investor in California here trying to diversify my portfolio and start investing in a different state.  

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

Maybe you help manage the property for them for a small %, or give sweat equity for small cosmetic renovations?

If I have a homeowner client that wants to play games, I'll gladly help transition them to another manager.

It is perfect for a portfolio size of 5-15 units. 

I was a Navy submariner for 21 years and really focused the last 6 years on growing our portfolio.