They are asking for what amounts to almost half of my profits for their management fee.I’m building 8 units at 3 locations this year, manage all myself but to grow I’m thinking to still be heavily/high level involved but hire a project manager on salary to do day to day tasks.  

This applies to family also.Even if he gets a real estate agent license, he'll have to place it under a real estate broker that allows him to act as a property manager, which will affect the broker's E&O insurance.So, it may make more sense for you to make your brother part owner.Also, to 1099 him and avoid headaches and extra expenses of W-2, you should pay him by the task, not by the hour.

The analysis, pricing, marketing and buyer negotiation will be easier tasks once you have the trust of the owner.First thing you want to find out is if they have considered selling their property.

Consolidating everything will enable you to keep on top of your tasks and will mean that your data is more easily accessible.

If so, make sure you apply it.2) If the lease prevents long term guests, you can give them a notice on this, if not, you can potentially require them to add the guest to the lease, although depending on your state you only have a certain amount of time period from when you first become aware to when you can require them to be added3) Do you have an anti smoking clause?

I would suggest figuring out what traits you excel in or have, and apply those strengths to aspects of real estate, find a niche or a task that you can excel in and bring to a relationship.

I would suggest figuring out what traits you excel in or have, and apply those strengths to aspects of real estate, find a niche or a task that you can excel in and bring to a relationship.   

I would suggest figuring out what traits you excel in or have, and apply those strengths to aspects of real estate, find a niche or a task that you can excel in and bring to a relationship.

It definitely was not the most efficient use of my time yet I regularly find myself doing tasks that I should be hiring out.  

This would look like a list of tasks with dollar values for each task, and a list of materials with dollar values for the material.