We would need to know your current operating expenses (and rent) to be able to provide any suggestions.

Activities that deal with electrical or plumbing should be outsourced to avoid more expensive issues unless you have some prior experience with the simpler repairs in each.

They should also be able to get paid in certain scenarios other that selling and/or they can charge an up front retainer fee to charge you for the paperwork if that is all they do.

The challenge with property managers is that they are actually very expensive.

The expensive one MAYBE 7-12, 14 if you take extra good care of of it. 

With a property that is paid off, the cash flow should be there.  

What I love the most is two fold, the interest paid back on the loan goes back to you, the fees to do this are extremely minimal. 

I'm curious why I did not receive it, as I paid in full, and it is already on my credit card!

Hello Dana, For that purchase price in Brooklyn, NY, you could be looking at considerable unknown expenses at this point.If the property is occupied, you'll have to factor in attorney fees and holding costs while you wait to gain access to the property.Furthermore, you could be facing additional costs related to title issues: open permits, violations, liens, judgements, etc.

The interesting thing is appraisers don't often realize or give huge credit a new plumbing, new electrical, new HVAC despite these items being very expensive.