I then hired contractors for plumbing, electrical, roofing, and HVAC upgrades.

Most (virtually all) are giving values below the main ppsf. 

Renting, like hiring an employee, taking on a business partner or client and marring (even more so), are relationships that can be costly if made hastily or imprudently.Like others, I have check lists that I do not deviate from. 

Hired an architect to alleviate the problems.

And even if they do, they can change that at a monthly BOD meeting.Plus, since you are going to have to hire out the 1) Property Mgmt, 2) Repairs and maintenance, and 3) cleaning, your profit margin is going to be very slim, particualry in a condo (which will have a much leaner net profit than a basic house.Not trying to be a downer, but I'd suggest looking at another avenue for REI. 

Hire an HVAC contractor to go check it out, of course. 

We are deciding between hiring a property management company, finding a full time handyman or a hybrid of hiring a property management company for our bigger buildings and using a handyman contracting company for the easier ones.

The most recent job fair featured over 20,000 open positions.In ConclusionWhile nothing is guaranteed, the combination of population growth and limited land for expansion virtually assures that prices and rents will continue to increase.Thanks for reading my post.

The amount is a fraction of what we would have to pay to hire someone. 

If you have hired a specialist to perform a cost segregation study of your real estate property, they will likely use one of the six most common methodologies recognized by the IRS.