Based on the numbers you provided, these are well above the debt service coverage ratio of 1.25 hence from a lenders perspective, this is loanable.

In fact, even with my extensive experience, I choose to have all my properties professionally managed.Here's why:Tenant Selection Is CriticalThe most valuable service a property manager provides is selecting reliable tenants.

I thank you in advance for taking your time to provide us with your knowledge 

I’m looking for a local mentor that I can learn from and provide value to so any suggestions on how to find one and pitch myself would be great as well!

I will provide an update when I hear back or have substantial resolution to my issues.

I used a property manager (before I was one) for (1) time & headache savings and (2) the value the property managers provide by economies of scale (marketing, discounts with vendors, etc.).

Maybe @Mark Ainley can provide some advice...he has or had a bunch of industrial properties in Chicago and the suburbs.

Here's an ideal PM contract: The two keys are: The PM is incentivized to make you money, not charge high fees, and is contractually bound to provide reporting that you can understand in a timely manner. 

If you hire someone typically they are the ones providing this information, but if someone is paying you, then yes they need this information for tax purposes.BTW - I would say your SS# has been hacked so many times and is on the black market already this is why we monitor ours through other parties or just lock it down at experian and other agencies if you are concerned about it.

I have provided them a letter from my broker about the amount that can be used.