I'd get to a REI meeting as soon as possible.

If you run your number and think you meet these, you should be fine. 

@Natalie Vittini welcome to BP.1) If you havn't already, you need to be going to your local REI meetings.

If your NOI is $40K, then that doesn't even meet the 1% rule, it is closer to 0.08%.

@alina trigubThank you, I will check that book out and the meet ups in my area.

Tammany Parish area - we have a monthly REIA meet up that happens every second Tuesday of the month.

Search around BP and your local RE meet-ups and see if you can find someone like that.

All forms of communication can be electronic and you never have to meet in person...even if you are self managing...My tenants are trained and empowered to problem check and resolve issues on their own...if they can't figure it out, it's their home and they can call a professional to fix it and cc me via text.

I also have a lawyer as an advisor that I may occasionally sit down with and pay $100 consults from time to time to ask legal questions the first meeting with this individual  is this coming Monday.Currently, I feel the situation is much better  with the tenants the  situation  that is going in  is crappy for both of us with water coming into the house but I am constantly working on remediation of the situation.

I have not met them because I don’t really think it’s necessary to meet.