Title implies physically doing it yourself, but the question was about hiring your own crew versus contractors.

I could point out a number of legal issues with what your bookkeeper told you (especially if he implied a knowledge of the law), but listen to your lawyer.In terms of finances?  

In Allapattah at 1100 you are implying that the units are basically 1/1's because 2/1 and up are at least 1300.

The DCSR of 1.25 implies that for every dollar loaned, there will be $1.25 generated by the property (+.25 cushion)

You're implying that they're just greedy...more likely they could be in financial trouble, or maybe that's their business plan.

I will say STR PM deal with a lot, often at inopportune times such as the 3AM call for noise violations (so I am not implying they do not deserve their high fees).We self manage the LTRs (Pt Loma is a hybrid and outlier to our LTRs).  

If you know it’s a low ball the term itself implies that you are offering way below what would ever work.You want a agent to write a low ball offer for you?

I'm an investor... a borrower myself.I'm not implying that there are not challenges in lending and I think that a healthy conversation about it would help both sides of the coin.

I didn't mean to imply that there was nobody willing to pass along information to me, but rather that I just need to do some work to find out which questions to ask since there's not a dedicated program in place; and as it turns out I'm the only one on the floor today so I posted my question about expired listings here. 

There goes the implied cash flow without reserves for maintenance or vacancy.