What type of changes did you make mentally and physically?

If you want appreciation and a physical asset that you can see on occasion, out of state might not be a great play.

@Neil Donnelly If you are not going to physically visit the subject market often, I would talk with local realtors and property managers to get the feel of the market.

. And it also would be a good idea to hold the LLCs in the state that the properties are physically located

Other information that may or may not be useful in answering my questions:- the units have all been full-gut rehabbed within the past 2-3 years- each property has no more than 9 units, but most are between 3-6- though there are currently about 35 active units, there are another roughly 35 units currently being rehabbed that will be added to the management portfolio once complete for a total of around 70 units I would be managing- I would not be the one making physical repairs or fixing the toilets so to speak, as the company also has a property maintenance person that the property manager delegates most labor to; the manager's job is more to interact with the tenants and be the face of the company, as well as obviously tracking the properties' financials to make sure everything stays profitablePM QuestionsIs 3% really a reasonable rate to pay a property manager who is managing 35-70 rental units in a high-rent market?

I have a 5-unit mixed use property that I'd like to use RUBS (ratio utility billing) for until I can physically separate the utilities.

I have a long time tenant who is in his mid-60s and is becoming increasingly physically disabled due to obesity and diabetes.

Not the same as physical real estate investing.

Think of this as any other business that incorporates and has startup costs but don't open for operation until a later date.

I am a strong believer of continuous self improvement, and after listening to this, I am inspired to incorporate it in my new real estate career.