It would be far better for you to join NARPM - National Association of Residential Property Managers SE Virginia Chapter and join as an affiliate. 

Self managing is a solid way to learn the business, and it’s smart that you’re already setting up systems and tools. 

You can also write off expenses such as property management, insurance, repairs, etc.

Any insights on financing, managing renovations, or rental demand in Detroit would be greatly appreciated! 

I manage MTRs in NC and SC - our SC properties still cover their costs and then some in the MTR space even after my management fees.

Self managed HOAs are usually undercapitalized so you want to take a thorough review of the condition of the community to make sure there isn’t deferred maintenance because you might get hit with a special assessment if the board isn’t setting aside cash for those capital improvements.At face value, taking into consideration my typical financial objectives, I wouldn’t do this deal unless it was a much lower price.

Top 3 reasons owners hire PMCs:1) No time to manage correctly2) No time to learn how to manage correcly: laws, documents, processes, etc.3) They're too nice and need someone to "save them from themselves"A good PMC can usually earn their fees by better managing the property/tenant than the owner, thereby:1) Increasing owners net profit2) Decreasing owner's time commitment, stress, headaches, etc.No matter what though, you should always plan to commit a couple of hours a month to manage your PMC.

Hi Allende, my firm handles property management here in Miami.

I am considering a purchase of a Quad unit in Ocala from Southern Impression Homes with management by SunCoast Property Management.

-how is management split among you, PadSplit and any other third parties?