Here are the numbers:Annual total gross rent received: $800,000Annual cost of property management (10%): -$80,000First month's rent goes to property manager as finder fee: -$66,666 / 2 year lease = -$33,333Total cost of property manager: -$113,333Current annual profit; $200,000Net profit after paying property manager: $86,667I like the idea of selling some properties to 1031 exchange to a larger self-managed property like an apartment complex but I don't know how feasible it is to try and sell enough properties simultaneously to time it correctly for a 1031 exchange. 

My firm invests in a few different recession resistant asset types including self storage and mobile home parks.

I'm with you on the management fee as a self-manager, even though others may disagree.

I saw your information and would like to purchase several self storage around my town , or up to 50 miles, in northern Oklahoma! 

If you decide not to self-manage from out of state, I also work with a really great, super investor-friendly property manager. 

Because the Seller has self-identified themselves as someone who is “motivated,” and they have reached out to a cash home buyer, the dynamic is this: “we both know I need to sell, and all that matters here is price.

This is a great forum with very knowledgeable members that will help to guide you in the right direction.There are a few self-contained guides that you can access here: https://www.biggerpockets.com/guidesAlerts can be really helpful too: http://www.biggerpockets.com/alerts

@Mason HickmanThank you for the reply Mason, those are some things I thought of as well, self managing for a bit to help with cashflow early on could be a good trade off.

I'm currently self-managing with some assistance from a family member that is a property manager.Nitty-gritty info:3466sq/ft 4 unit multifamily property. 2 bed 2 bath2 bed 1 bath x21 bed 1 bathA semi-finished basement that was rented out by the previous owner but was destroyed by that tenant and is currently unusable as a rental space.

Here are the owner's/broker's self-storage numbers..