@Bryan HartlenManaging low-end properties can be demanding due to higher tenant turnover, increased maintenance needs, and frequent rent collection issues.

The issue we had is that over time, our sheets get mixed up with other customers' (cheaper) sheets, and we ultimately end up with an inventory of sheets that are not ours.

I believe the housing shortage is a farce - there is no housing shortage - there is an affordability issue and an inventory issue - but there is plenty of housing.

If you have a larger portfolio, are you still self managing?

Quote from @Robyn Henderson: My family's 3 unit prewar building in Brooklyn recently had plumbing issues and I'm debating renovating each of the bathrooms.

I'm still in the process of growing my portfolio, but have heard others 1031 all their smaller properties into a larger building and have a property management company manage, OR, set up a seller financing deal with another buyer that gives you the cash flow you desire. 

This is not just a racial issue. 

Zoning issues?

This issue also naturally drives up deductibles.  

I had a similr issue a few years ago with a property in Cleveland where my property manager hit the same roadblock.