Different phases of the journey I guess :)By starting with self-management, I definitely learned to appreciate what the PM was doing for me.

It's about 20 miles away in an entirely different sub-market.Great price range though. 

You will need to determine the level you participate in your investment as well it makes a big difference. 

See the difference?

There are really great REI opportunities in different markets - markets in the Midwest and Southeast of the country are particularly lucrative - where not only are the purchase prices reasonable for most RE investors, but the homes are turnkey (new builds or completely rehabbed homes, tenant ready, systems 10 years of life remaining on them, property management teams in place) with appreciating home value AND appreciating rent.

"Getting in" is easy; making money, managing the business, with the increased financial risk of commercial properties is a whole different game. 

You are basically doing a flip first, which requires a whole different set of skills.)So, with $50k revenue, if you hire a PM, they charge 20%, so you give up $10k right away. 

Every program has different guidelines!

Each room will have a separate lease on it with a separate deposit following normal property management practices, and like you said, the leases have different start dates. 

There’s a lot different tenant types and I’ve spent a lot of time figuring things out.