Hi BP Familia,If you're reading this, I hope your families are all healthy and staying sane!

knowing your numbers means reporting and running p&l, tracking net worth, and a balance sheet. manual paper trail only gets worse as you scale so efficiency becomes important. whether you pay for someone to do that depends on if you know your numbers cold. you can't possibly know if someone else is doing it right if you don't master it first. only then can you delegate and focus your time on the higher income producing activity.

@Bryan Cork,  Almost every QI out there with a web site has produced articles and how to's . 

The owners produced an appraisal done in 2017 that showed a value of $560000.

I can put around 100-150K for down payment if necessary, but I want to keep the first investment as low as possible, like you guys mentioned, keeping a healthy cash flow. 

Any property manager that does not require this should be looked at with a healthy dose of skepticism, as they are not even doing a best practice to protect themselves.

Use them when it helps you move forward, and then take their low risk returns when you can, having bought into properties that actually perform, ie pay off soon and start producing some milk.Some people will say I’m describing a later-in-life investment strategy because I say buy with cash, rehab with cash then refinance after stabilization, because you need cash for that.  

“Every result that you desire […] is preceded by a process that is required to produce the result.

Your Mentor won’t be cheap – but that is relative – since what is learned can produce cash flow in a short period of time.At 74 years old – I am still learning – taking on clients and writing offers weekly – it is important to stay tuned to the market because it is always changing.Your Mentor will hold your hand, analyze deals, help with financing referrals and tell you who the bad guys are – yep in every market there are those slick investors, title companies, hard money lenders and others that your Mentor will keep you away from and tell you their stories.

The sooner you get each unit producing maximum returns the easier it will be to cover your monthly expenses.