Specifically the property type, unit count, LTV, etc.

Investment Info:Small multi-family (2-4 units) commercial investment investment.

They also claim that their property management fee is 10%, which is true as long as the unit is occupied, but if you factor in the first month rent payment for placing a tenant and a 5% vacancy rate (about once every two years) then the property management fee is closer to 15%. 

But the same argument people use for self managing, (nobody will care as much about your property as you.) is definitely true of your accounting. 

If your LLC earns a profit on fees it earns from property management you will owe self-employment tax.

Another plus is that I now manage a lot less units, so PM is minimized.

Therefore trying to get a bit creative with the financing.Positive cash flow will almost be impossible (as I'll have to probably take one bed away, and then build a bath and a kitchen) in what I've been finding, so Im trying to offset the mortgage as much as possible.Long term, ideally I get to keep it and the 2nd unit adds to the cash flow if I ever dont need it anymore. 

Just sharing your experiences and thought process is great.We do Self storage development but the concerns are the same.  

Rental demand has been strong with an asking of $1,700 per month per unit that does not include utilities.

That said, I'd recommend focusing on locations with high sales volume as you will have more options to choose from in these locations.So far this year, 240 multifamily properties (2-4 units) have sold in the Bronx - Source OneKeyMLSThe neighborhoods with the most sold properties are:- Wakefield and surrounding North Bronx neighborhoods (31 sold in '24)- Throggs Neck and surrounding Southeast Bronx neighborhoods (31 sold in '24)- Pelham Gardens (30 sold in '24)- Pelham Bay (28 sold in '24)These areas account for 50% of the recent Bronx multifamily sales... focus here to have more options!