I think my pm has more than paid for himself by his aggressiveness in ensuring my property stays maintained and rented.

There's a happy medium to maintain.

They also don't handle internal maintenance issues, that's the owners responsibility.The similarities are related on maintaining the grounds, coordinating vendors, and accounting services.

It feels better to me to save up $100k here and there and invest it wisely, and maintain my freedom then jump into such a huge commitment. 

I've owned a 4plex for 13 years, one of my first rental properties.  Three years ago I sold my primary home and moved into a unit in the 4plex; I absolutely love it, by the way!  As an on-site landlord, I am much more...

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Most of my homes are maintained by the Tenants for "ordinary" landscaping and then I hire someone to do work that requires special skills or tools (e.g. pruning a tree).

LLCs that are thinly capitalized are more likely to be viewed as “shells,” thereby losing their capacity to shield the members from liability.or fails to maintain a separate identity from its owners ( using the business bank account for business purchases, maintaining separate books) Conversion of entities Assets for Personal Benefit:Another factor that poses a risk of piercing the corporate veil is the draining of entities assets (such as payments of large salaries to shareholder-employees) that leaves the entity with inadequate resources to pay its debts.

You can't get good contractors to come in to fix them or maintain them -- they don't want to work in those hoods.

Advantages = Scalability, economy of scale discounts, lower property management rates, easier to maintain than small multi-family, the more units, the safer and more efficient the project (in our opinion) We usually deal with 100 units + on each project, rarely exceeding 350 units.Disadvantages = deal flow (hard to find properties in the domestic US with solid cap rates) We're shifting focus more heavily to Puerto Rico and the opportunities it currently presents.If you or your friend have any additional questions feel free to reach out.