It does, however, take a little longer to acquire properties that cost a bit more.Final thought: I have a property near Belmont that I do right at 1% on, and I can tell you that that 1% yields significantly higher cash-flow than most low-cost 2% properties, and I don't have to babysit the property or the tenants.

(Or maybe they cost a little more on-season).

The four main  reasons I don’t use a PM are as follows 1; they are expensive 2: they steal a chunk of my profits 3 :they cost a lot 4 :they are not cheap  

Your PM has to respect your wants and needs, and if they feel you're being too much/acting against the best interest of the property they need to reset those expectations instead of handling business without you.Remember, that one vacancy has a cost as well.

I guess someone who really wanted to be on our street would make it work, but it would cost a lot to do anything with it.

lol; I wish...this was one of those jobs that didn't cost a ton of money in terms of supplies, but cost a fortune in sweat.I can't even imagine how much it would have cost to hire pros to do this (assuming you could even find a pro to take on the job).

I was so nervous when I first invested in real estate in Ohio, because I (among many others) do obviously live far away from the country and never ever have seen Ohio with my own eyes (but I am planning to travel there very soon), so knowing the real estate opportunity in this market that sometimes is TOO GOOD TO BE TRUE and also from my experience tells me that something good comes with high risks, so, what I did firstly was my research in the area and build up my team of real estate brokers and property managers and plenty of advise from this website Biggerpockets and off I went to find a good turnkey operator, hiring them would cost a bit of money and its better to have some professionals with a reputation than do it yourself try to save a few bucks.

Good points here’s 3 reasons not to use a property manager 1They cost a lot 2They are expensive 3They are not cheap 

It’ll cost a lot less and keep your integrity intact.

You're basically computing the APR and computed the same way as the IRR (which might be where confusion lies) in that you have a present value (your cost), a future value (the balance owed) and a note payment and you solve for the interest rate.