And your calculation makes sense for a property that you plan to keep forever so to speak. 

Respond within minutes to each one, as tenants often go with the first responsive option.Ensure you have high-quality photos that make your property stand out against the competition.

Ask to speak with some of their current owners and current/former tenants.

@Colby Burns  Agreed regarding the PM side with them (A member of my spouses family had a horrible experience with them)  Regarding the construction side, I cannot speak to. 

The key is to standardize property quality and management systems, which would appeal to buyers seeking scale.If you’re thinking long-term, holding these properties for cash flow while leveraging local appreciation is also a strong play.

I know this is an old thread.I'd like to get a more recent opinion of these apps.I think the DFD options is very interesting.What we want to do is endorse one of these for our Real Estate Club in Greenville, SC and have a contest for our members to see who can find the most deals with the software.Maybe try and get a rep from the company we choose to come and speak at one of our in person meeting and also negotiate a longer trial window if possible for our members.

What was the quality like compared to local options?

Don't invest in a market if you can't find a quality PM!

I guess when you speak of skip tracing folks you just mean seeing if you find a contact to actually speak.

Speak with a CPA specific to real estate to get assistance.As others have mentioned, cost varies depending on location.