Account ClosedYou could possibly buy a portfolio of properties already performing and hire a GREAT dependable/honest property management company to mange them for you.

•Is it worth it to hire a realtor to mange?

It was mentioned that the Dodd Frank guidelines were passed down to the individual state level to oversee and mange.

So these are my numbers based on a 150000$ offer. 1 bed rents for 500 3 bed rooms rent for not much more at 700 possably 750 we will stay on conservative side for a total of 1900. 800mth morgage, 200mth taxes, 190 mth prop mang, 175mth insurance (est), 190mth vacancy,150 mth repairs and maint.

It is often hard to mange from afar and trust a properry  management company. 

To be fare I AM RETIRED, manged projects up to $7mil and it is in my blood.

You may find that in fact they are unrentable at any price and that's why nobody wants to mange them.

. - I recommend mange the property yourself. you will learn allot doing so and will save yourself a bunch of $$$

They want to be in and out quickly.So, independent of the value you really need to mange the risks when doing a large development project.John Corey

Just by the net alone you refer to that would be a cap rate of 8.375% which isn't too shabby.As far as self managing versus using a management company is concerned: It isn't as difficult to self mange as it may seem.