It would help if you describe the tasks you want accomplished, then we can address how we handle those responsibilities.

How did you handle it?

For bookkeeping it depends on your portfolio.A portfolio of 1-3 SFR's can likely be a DIY project.For 4+ you may want to consider outsourcing.For tax prep, you'll likely want to have a pro handle it regardless of the portfolio size.

Use Series LLC to handle management activities, including collecting rent and signing leases.

Without the upside of a good neighborhood and/or quality property, I don't love it. 

Half of all marraiges end in divorce and no one goes into a marraige thinging that they will get divorced from the love of their life...the same is true for business partnerships.

I love the prospect of Frisco but it seems to be appreciated quite a lot.

I’d love to hear about your goals and what you’re hoping to achieve here.

So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.EXAMPLE: PMC states they will handle tenant screening – what does that specifically mean?

If you are a person who has a full time job, or runs other companies, it is my professional opinion that you will be better served having the GC handle everything and report to you on your schedule.Once you decided to run the operation yourself, you are now employed by the development.