The barrier to entry is lower so they seem attractive, and to the person who knows what they are doing, they can be very profitable.

Quote from @Elizabeth Rose: @Josh Bowser this tip of doing a quick search on county GIS or software to see if homes in a neighborhood are owned in personal names or LLCs is gold, thank you!

-I inform the Water district that our repairs are done. 

However, the risk of significant repairs is not to be taken lightly. 

How would you like to be a tenant waiting on a repair because the owner wants 3 bids for everything and not only will that delay the repairs, but you'll have 3 people coming through your home everytime you make a maintenance request?

@Kris Lou Many factors go into PMC pricing:1) Locality (city/state)2) Neighborhood & Property Class (time to manage Class A < Class B < Class C < Class D)3) Property condition (slumlord properties hard to manage)4) Number of units (some economies of scale, but not as much as owners think)5) Owner expectations (some owners really want a personal assistant!)

Are all of your leases between tenants and your personal name or the DBA name?   

Being able to drive by your properties frequently to see them in person (even if you have a property manager) can provide consistent peace of mind. 

That’s before factoring in utilities or each personal situation.

Lastly is your listing details; they read with all the story telling and excitement of a furnace repair manual.