This is in the rural Upper Peninsula of Michigan very small town Spalding Michigan Close to Escanaba.Currently Self Manging the propertyRent was last paid Aug 2014 but skipped July. for years lease 4/1/2014-3/31/2015

Eventually may never come meaning to it now if that is your passion.If business school and getting another lisc. is your passion then great - however - that isn't what you wrote - your just doing it for the knowledge - what you REALLY want is to own and mange real estate.

The reason I just recently joined this forum is because I am about to manage my properties on my own, though I have previously manged homes I once lived in myself, I left all the investment properties up to the "professionals"In my experience I found one of two things to be true with prop man companies.

I manged to upgrade every seven years or so by selling and buying  but now I wished I would have taken the buy and hold approach.

I have a pretty good understanding of were I want to go and will eventually get into multi-units and letting a mang. co. take care of them.

he finds himself to mange the apartments?

It will be significantly easier to mange your investments and your cash flow.

Also, consider how you will mange the property.

A good landlord insurance policy, topped with an umbrella policy (1-3 million) that allows a set number of residential rentals, along with best practices (to not be negligent), are all prudent steps to a mange risks.

I'd keep going if I were you, get as many as you can handle to mange.