If you don't want to manage the property at all, you are losing money on the management when small scale management is not hard at all with a little help.

Double down and scale in your own market and lift your current team up. 

Now I own a thriving property management business, run a real estate team helping other investors learn how to grow and scale their portfolios, I have my own modest investment portfolio and have two development projects going at the moment.

You are on a great trajectory and learning curve because you are learning from your mistakes and also preparing to move slowly instead of scaling before you are ready.

This paper constitutes 50% of your grade.

@Fed Finjap now you're better prepared if you continue to scale and eventually hire a PMC!

I made some resources for my out-of-state investors like a neighborhood graded map and contractor rolodex that I can share with you!

If you’re renting an apartment building to mostly Section 8 tenants, the main difference from single-family or smaller multifamily properties is scale—you’re dealing with more units, so you’ll need solid systems for maintenance and tenant management.

Start with 1 flip, exit successfully, then slowly scale.

If I scale to a point where I no longer have time and have to outsource, that line item is already accounted for and the property will still be profitable.