Since this would be my first long term rental property do you recommend starting with a property manager from the beginning or managing the property myself.I understand that there are pros and cons to all of these scenarios, I'm just looking for various insights.

I understand they can make our life a lot easier but is it worth it if it eats up a lot of our cash flow? 

And this is a biggee wading through the fake lenders or the Joker brokers that tell you what you want to hear  but cant get the deals funded and you lose the deal and a lot of money.3. with actual PML  private people  usually have very limited funds so cant scale with them.. they can have a life event and just stop doing loans all together..

However, if you don't know the layout here, it's best to get with those that do as properties change street by street and sometimes even on the same street.

Don't make your life more complicated than it has to be.

This is a long revived post- I'll add a little tax pro insight from what's happened in the last 2 years The IRS went from < 100 engineers on staff who were qualified to audit cost segregations to a few hundred. 

Long time reader and first time poster. Has anyone ever purchased a property from Omni Key realty in North Texas? I signed up for their investor profile because I am interested in the appreciation in the North Texas (...

Any recommendations or insight are appreciated!

Generally, I would recommend not making any such changes to your leases and the way rent is handled for humanitarian reasons. 

I wouldn't bet my life on 50%, but I would bet they are more problematic than the typical long-term renter.