Managing the property yourself can save money, teach you the ropes, and give you firsthand experience dealing with tenants and operations.

I wanted to purchase a vacant house adjacent to two of mine years ago and it ended up selling, listed/sold same keystrokes to someone with a connection to the nonprofit for less than what I would have paid. 

Gita,At least the way I prefer to do things is to only run accrual based accounting activity on my day to day operations.

It blows my mind that you can actually start and operate a legitimate business in the US without telling the government (not the public) the name and address of the owner.

To ty Coos county and Bend together brought back memories of a trip I took in the late 90s when Bandon Dunes first opened.Friend of mine in Santa Rosa has a home at Cross Water and a hanger there at the airport and of course a nice turbine twin to put in it.We departed SR for Bandon  played golf that day spent the night at  Bandon dunes  got up early  played 18 holes at Bandon again jumped into his bird flew over to Sunriver got there by 12  teed off at cross water at about 1pm and played 18 holes there.. so may one of the few 4 somes to ever play Bandon and Cross water in Sunriver on the same day  LOL..   

More than likely the asset will in a location where cap ex & management/operational costs are disproportionately higher and therefore your expense ratio will also have to be adjusted to a higher number.  

You get an operation running well and then you can be benevolent.  

@Jorden Barnard I just finished building mine in Durham.

There are plenty of insurance companies that will do this but mine doesn’t so be sure to check with your insurance company just to be safe.

I do not know PL too much but I know it is the most popular for small unit count operators.