They will also charge you to have an inspection by a 3rd party or to use an app to make sure the work is done.

Anything beyond that makes me wonder if he might stay too involved.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

Depending on where the property is and the lender involved, and what he has told the lender, and so on and so on, you handle things accordingly.

I think there is enough information online that another course isn't going to move the needle on getting involved with a MF property or not.

But the best part is the guy I rented to is going to take the super job (trash, sweeping, snow, minor fixes) so that really like 3000-3100. 

@Brad Kanouse I have an idea that doesn't involve drawing from your IRA.

i invest via 50/50 partnerships. i find/coordinate/manage the deal, and my partner brings the capital to the deal & approves large expenses. on their end, it's just about as hands-off as investing in a syndication, but they get to be one of just two main 50/50 decision-makers. and when there are just two parties involved in a deal like this, vs it being diluted across tons of investors, i find it's also possible for the capital partner to see much higher returns. when it comes to teaming up in real estate i'm much more relationship-based and less transactional. i'd rather do fewer very high-quality, carefully selected deals, each with just one capital partner, so that i can really serve that person's best interests and get us amazing results, vs. doing a bunch of diluted deals. i also feel a lot of syndicators out there are newer to the game, lack experience, haven't used their own money enough, and don't use their investors' dollars with enough caution. it gives the high quality syndicators a bad name.

Are there going to be banks involved, creative seller financing or all cash? 

And this does not even involve business or real estate!