Do you just want to buy something that cashflow, find a property manager and let them do the job or you want to try to mange the property yourself and keep bigger chunk of the profits?

@Colleen Berquist, I agree with @Jake Stuttgen - but is that $250/mo of expected positive cash-flow, after accounting for reserves for: Repairs & Maintenance; CapEx; Vacancy & Property Management (even if you are going to mange it yourself)?

Also I'd love to chat with someone who already has units online and can possibly mange my units in the future.Any info will go a long way.. thanks!

I self mange the properties and rely on a whole bunch of different maintenance people but the Plumber/HVAC guy is the guy you need. 

I would only look at a multiple of net, this would be deducting a salary for someone to mange the business.

I have started educating myself on how to mange my money and a small business by self-educating.

Account Closed I mange a handful of C class properties, but I still manage to screen really well, and the owners are ones who will put money into the properties to attract a better tenant than the usual for the area.  

My goal was to have him hire subs, mange contractors, bid jobs and basically handle the rehabs for my flips and rentals.

It looks like there won't be much need of repair -- I estimate $5000 at most.All the utilities are split out for the 3 units, except for water, which is $200/quarter.If I estimate 10% Vacancy, 10% repairs and maintenance, 5% capital expenditures, and 10% property management fees (I will mange it myself), I get NOI $11,362, cashflow -$212, CoC return of -3%I believe it's in a good location/neighborhood, one that I wouldn't mind living in, and it's close to Newark Airport.I would really appreciate your thoughts.

if you can mange the properties and it checks out to make $14000 a year on a $45000 investment is great What is the down side for you ?