Also, does anybody outsource their repair and property management teams and, if so, how did you make it cost effective?

Hello BP Team,For those of you who outsource your property management, can you share how you manage your property manager?

Here's an updated review of our current financial results: Purchase price: $95,000Closing purchase costs: $8,000Rehab costs: $41,000Holding costs (interest, utilities, taxes, etc): $5,000TOTAL COSTS: $149,000Target After Repair Value (ARV): $215,000For rehab, while we will do some of the work ourselves, ideally we are outsourcing all of this to contractors so that we can focus on the business side of the project.But we have to have some fun ourselves! 

For context I started by buying single family homes and ultimately moved into multifamily syndication.1) It doesn’t have to be either or since you can diversify many types of risk (asset class, management company, geography, etc.) by being diversified 2) Crowdfunding is simply the capital raising part of a syndication outsourced to a third party who market it online for a fee.

I honestly plan on selling and doing a 1031 with this property next summer, so the fair housing considerations for marketing and new tenants is moot (although I would probably outsource that bit to a realtor if I needed to).

Meaning you can’t 1) outsource your management of the property and 2) lease out your property to a long term tenant.  

Positive impact to US economy as many items outsourced to China, are now brought back to mfg. in the US11.

Accounting, Risk Mitigation, Marketing, Advertising, Branding, Web Design... you get the picture.A lot of those things can be outsourced but you still need to know enough about them to make hiring and project management decisions.If you're entrepreneurial and a confident salesman (or quick study) then I'd say absolutely consider it.

I offer custom signs, professional photographs, in-house showing flyers (all services to produce outsourced, and costs incur when I need them).

Response rate increases with every mailing.Cons:Response rate can be too low (below 1%) but don't let that demotivate you.Tips: Keep following up with them 5-6 times before you decide to stop mailing them.If you are outsourcing your direct mail then the company you choose will have tons have designs.