I was told years ago about creating a list every day and every week and executing it.

I know the AirBNB property would generate more income on a monthly basis but it fluctuates.

@John Farady that is very valuable information.I just wanted to add, in order for a DM piece to perform, your marketing message (copy) must match the questions going on in your target's mind and address their concerns, challenges, and problems.You could have the best copy, but if the letter or postcard is being sent to a target list where things aren't congruent (a match around solving their problem), what ends up happening is a deep frustration around DM.DM can be expensive to do on a regular basis. 

Know your numbers inside and out, practice analyzing a ton of deals everyday and reach out to 10-15 investors or potential partners a day and you should be able to stay plenty busy.

The reason we are wanting a property manager is because we don’t want to deal with the hassle along with our everyday jobs.

I got mine and I love having it because it allows me to work with investors everyday so I make money doing the research I was going to do for myself anyway.

That will give you a basis to compare rates to your local lenders since not everyone posts them.Good luck

The connections I have with other investors, contractors, agents, lenders, etc- brings me and my clients tons of value every day.

The OC I don't mind, and would absolutely move to Manhattan Beach or Newport if money was no object (ie 4M) and I wanted to be on the beach and surf everyday (I did in my youth, not so much anymore).

Think of it this way...If your property rents for $1500 per month that is $50 a day in opportunity cost for every day it does idle.