But, if steady long term cashflow is a goal, with no management, one can always sell farm land on a low down private contract.

Commercial Revenue Generating properties like office buildings, apartment buildings, retail centers, etc (banks call it "CRE" lending) are typically evaluated from their net operating income, not gross.

Practical Tips for Managing PropertiesFinding Good Tenants: Screen thoroughly.

This will be my first rental property and will be remotely managed.

Look for a team with a strong track record in managing rentals like yours, especially in your target area.

Then pay them a fee for finding the deal and pay them 8-10% of rents to manage the rental(s).

I think that's a great approach I have a lot of clients who self manage have no issues at all.  

This year promises fresh opportunities in commercial real estate — and we’re here to help you navigate them.

Try interviewing at least three managers.1.

I am looking to connect with the investors there as the promotors are continuing to take Asset Management fees to the tune of $450K a year (on top of PM fees) even when their payout to the investors is around $20K a quarter (not meeting preferred) and the overall fund is negative about $450K.