Normally a lot of people will just flip a property and split the profits 50/50 but even tasks can be split.

I own a fourplex in McAllen, TX, and recently dealt with a major plumbing issue.

This market is growing rapidly, it's a state capitol, and we have two major universities.

Each of the properties have an estimated profit of around $70,000.

We did a couple recent ones that were on market, fixed them up and got them to market after the remodel with a profit.

Property managers have established vendor relationships and can handle issues quickly.Cons of Hiring a Property Manager❌ Lower Profit Margins – Management fees (typically 8-12% of monthly rent) eat into your cash flow, which can be a dealbreaker if your margins are tight.❌ Less Control Over Tenants & Maintenance – You won’t be as involved in selecting tenants or overseeing repairs, which might lead to decisions you wouldn’t have made yourself.❌ Not All Property Managers Are Great – A bad property manager can neglect your property, overcharge for repairs, or poorly handle tenant relations, leading to unnecessary headaches.Which Option Is Right for You?

The details of the incident remain unclear, but they intentionally granted access to someone who subsequently stole major appliances.

An auto body shop across the street that "stores" cars needing work there.Since abandoning the home, major landscaping would also be needed to clean up the walkway to the water.

Now that's flipped, which makes profitability on a simple rental much harder. 

It is not low cost.. you need 7-8 rooms per house to make it decently profitable.