I still can't seem to get the numbers to look very good: Cost Assumptions Purchase Price $350,000 Land Value (25%) $87,500 Building Value (75%) $262,500 Improvements $0 Closing Costs $8,750 Total Cost $358,750 Financing Assumptions Downpayment 20% Finance Amt $280,000 Downpayment Amt $70,000 Interest Rate 4.5% Mortgage (Years) 30 Mortgage Payment $1,419 Cash Outlay $78,750 Revenue Assumptions Monthly Rent $2,100 Vacancy Rate 8% CF & ROI (Outsourced PM) Annual Cash Flow ($6,121) Cash ROI -7.77% Total ROI -2.04% CF & ROI (Doing My Own PM) Annual Cash Flow ($3,811) Cash ROI -4.84% Total ROI 0.90% So, assuming this company is managing the property themselves, they're making less than 1% ROI? 

You could essentially outsource any part of it that you wouldn't want to do (i.e., cleaning, bookings, etc.) and automate the rest with lockboxes, etc. 

To speed things up you might want to consider outsourcing some of the tasks that can be delegated to others while you focus on what you're good at/where you're needed.I'm sure you've heard of the pareto rule: 80% of your success came from 20% of your actions - identify those actions, do more of them, and outsource the rest.Things like prepping paperwork, sending out mailers, setting up home inspections...etc can be outsourced to a virtual assistant, an intern or someone you mentor - you can focus on lining up financing, talking to sellers...etcThe 4 hour work week by Tim Ferriss is a great read on this topic.

https://www.biggerpockets.com/renewsblog/2015/07/06/ultimate-guide-systems-outsourcing-real-estate/https://www.biggerpockets.com/renewsblog/2013/01/27/tenant-screening/https://www.biggerpockets.com/renewsblog/2013/01/04/how-to-rent-your-house/https://www.biggerpockets.com/renewsblog/2012/11/12/tenant-screening-application-lease-selection-process/https://www.biggerpockets.com/renewsblog/2011/06/02/landlord-screening-tips-professional-tenants-06211/https://www.biggerpockets.com/renewsblog/2011/03/18/security-deposits-best-practices-landlord/Check out Padmapper for rent rates.Buildium and  AppFolio for management software.Everything is on BiggerPockets for sure, just search.

Each flip has a different amount of work and what you will more than likely find is your contractor won't physical do most of the work if he can outsource it with you paying half the bill.   

We want to outsource part of our property management duties.

Due diligence is not a job to be 100% outsourced. 

Were you planning to outsource property management?

Randal - what company/website are ou using for direct mailings (I am looking to outsource)thx

They refer or outsource it to a local management company.