Hi Marcela,8 cap is decent if it's completely hands off and has upside.Personally, as a turnkey provider and property manager and someone that is on the ground working the market, I wouldn't get out of bed for anything less than 15%.Granted, I have the "luxury" of living/working in a tertiary market like Toledo so I can sit and wait for a deal with great numbers to come along.For example, just looking at a 6 unit in a B+ area for $160,000.

I really think property management is a luxury for MOST beginner investors unless their life is already super jam packed.

More and more people are looking at the flood data and the insurance rates are getting pretty high.Water access/waterfront property does very well and will be considered a luxury rental in most cases. 

Similarly, property managers all have their niches from low income to luxury, suburbs to city and MF to SFR. 

lot of post in BP, because it's opinion, is range from luxury , DIY to "out of your mind" situation.Managing a rental plumbing issue in Ohioville somewhere while you are in battleground in Bora Bora Afghanistan, is just super almost doesn't make sense.Having PMC is part of the business LOLFor me I involved my PMC, even Prior of purchasing a home, if they say no do not buy there, I would not buy.So it's good to have this relationship is started even before you dig into a region.I also know folks that rented out their basement and still use PMC for privacy reason.

Soon that’ll be me, but my buddy at Coldwell Banker Luxury, Johnny is very well versed and typically has me consult.

I moved back to my main market but do have an out-of-state duplex and to not have tenant turnover is a luxury.

Actually I think they offered to pay for STR owners to join the Texas Hotel Lodging Association. 

All new plumbing, electrical, windows, light fixtures, drywall, paint, cabinets, luxury vinyl, carpet, bathroom fixtures, and kitchen.

Primary home buyer(s) might not have the the same luxury as investors of 'waiting' until interest rates drop to make an investment, because investors don't want to make a losing investment.