When we do a shell, cost segregation is the best approach.

You'll probably get better service approaching it that way than hiring a professional manager anyway.  

If so, self-managing properties might not be the best use of your time - In any case, I'd encourage you to talk to multiple local property management companies, keep the above in mind, and understand how they approach management.In my experience, property management isn’t just about finding the right tenant or collecting rent—especially in a tenant-friendly state like Rhode Island.

It has been profitable for us but competition has risen in recent years so we continually work to refresh our places and marketing approaches.

The income based approach to valuation is only used for commercial properties, that’s 5 units and up for multifamily.  

I'm a guy approaching middle-age, living in Chicago.

I have personally witnessed the success of this approach.

Be that as it may, with this approach, you will have to provide some value for your folks even to consider this.

And with price and rent appreciation in CA, we feel confident in the long term approach with these properties.

Maybe I have the wrong approach!