The same question is analyzed every day by millions of businesses, investors, wealth managers, financial analysts, and corporate treasurers world wide.

I have an excellent agent partner who is an MTR manager there with 24 units.

Has anyone purchased from the Peak Group and used them for property management? 

(I actually laughed when I first learned this.)10% property management fee (With separate charges for new leases, repair management, and rent collection—what exactly does this cover?)

I work with a lot of househackers and they're typically on the 12 month cycle, rinse and repeat.While the proposition of acquiring an investment property outside of your market in a "landlord friendly" state may sound appealing, i would recommend you stay local for now and househack another couple of properties over the next few years until you've got some more time / experience under your belt.you would need a management company to cover your property that is outside of your market which would not only take 8-10% of your gross it would also leave you a bit vulnerable to a property management company that you A.)know nothing about and B.)you won't have the experience or cashflow or proximity to deal with any headaches that may arise.i would recommend staying local and househacking your way along for now and then maybe hire a local property management company initially to work with your current/local properties to get a taste of what to expect if and when you begin investing outside of your market.

Seems like such a waste but nobody can agree on a new portfolio manager as the old manager was a family friend for multiple generations and well trusted.

If the property is close enough, you can also forego the property management and handle it yourself in the short term. 

Property management vs. self-managing:Self-managing—at least in the beginning—can be invaluable.

I’ve been in the real estate game for a while, and as the CFO of [Your Company Name], I usually stick to what we know best: developing and managing Class B multifamily projects—20-50 unit properties in rural southeast US, like Georgia or Alabama.

We do the leasing for them, but once we get the tenant in place, turn it back over to the owner to manage.