It's not going to play out exactly like you hopedIf you have that mindset, not only will you have realistic expectations, but you'll create success over the long term.

We've sent out a cohost request and most hosts are asking ~22%, which is higher than what ABB suggests - but seems to be in line with what traditional local prop management places charge.My question: Long term obviously it makes sense to learn to do this all myself and be self sufficient.   

Additionally, consider factors like vacancy rates, property taxes, and long-term market trends in your target area.

They couldn't have given him a 30 day notice if they wanted to because it hadn't even been that long since he received the invoice.

Hi there, I'm David Kanarfogel, an attorney based on Long Island with extensive experience across commercial real estate and CRE finance.

As long as our occupancy doesn't drop, we are ahead. 

Long story short, ended up buying the property after getting to know the owners who were cleaning up when I went over to ask them permission to cut down the leaning branches toward their roof.

Finally, be prepared for long timelines and budget flexibility due to the permitting and approval process.Good luck as you grow your portfolio!

Do you happen to have long term % of gross rent of combined maintenance/repairs/turnover costs/CapEx  ?   

I do have some investment experience and I'm currently managing 1 property, all the numbers are great and there's a good amount of cash flow and long term growth so I'm not a total green horn.