It is an awesome system and does everything for single and multi family management, makes our difficult job so much easier.

Let's you prove yourself to your investors in a more manageable way.  

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.

That is a good thing but if you have never managed it can still go sideways.

I've managed up to 400 rentals and never offered a concession.

Quote from @Allen Berrebbi: Quote from @Dominic Mazzarella: I have personally owned and managed a multifamily property in Illinois and after selling it I said I would never invest in that state again.

Bossier partner managed property and repairs while we managed business structure and banking account setup.

The title company will handle clearing the title but won’t manage personal agreements.

The mayor has been hot on out of state investors and poor property managers since his campaign. 

Your account structure depends on your goals for growth and if you plan to self-manage or hire a PM.