Corralling it all under one property management LLC streamlined everything.If at some point I decide I want to pick up an outside management client again I simply add the appropriate liability insurance to my property management LLC and the rest of the infrastructure is already in place.

It's very difficult to even give a rough estimation like people mentioned above because there are so many variables involved.

I think once you hire an operator, you will have a better understanding of the difficult market you are entering.

What I wrote above does not create an attorney/client relationship between us.

After 25k of work, my client is renting it out for 2900 per month.

Finding the "perfect" tenant is difficult.    

I have sold insurance to many of Federico clients and he always seams to find them great deals.

Some of my VA clients come to me believing that their VA loan is basically "buy a home for $0 at closing."

I've had a client purchase multiple properties by securing a business line of credit against their personal residence (which was free and clear) and use that as the downpayment for several rental properties. 

Seems like that option may be difficult based on being out of state and dealing with the city.