Frankly - this space has become extremely saturated over the last 10 years - so the odds that you find this one "diamond in the rough" deal is relatively low all things considered. 

Our efficient project management ensured the renovations were completed on time and within budget.

Still maintain my CFP designation while spending tons of time with the young fam these days and managing our investments.

FinancingTo calculate how much you can afford for a property, the general rule of thumb is 30% of your gross monthly income on home related expenses.

The Father works in construction project management consulting and can make about $5000 per month over the course of a year; however, it is cyclical and currently does not have a contract.

Additionally, is it feasible to manage this without a property manager?

They then sold that and bought a 250 unit in OKC all C and D class and had to move there as they almost lost  it in foreclosure.. took 5 years of them living there and managing it personally to stablize and finally sell.. then bought a 20 uniit back in Oregon where it all started.. this over the course of a few decades.

Best regards,Max Gracyalny Let me know what you're after...happy to help...we have experience managing around 170 Section 8 rentals...we've been at it for a while.

I'm up in the Bangor, ME area - feel free to ever reach out - I invest - am a licensed broker - own a property management company

Late fee is considered reasonable if it is not more than 12% of the rent for the rental period under the lease for a dwelling located in a structure that contains not more than four dwelling units or 10% of the amount of rent for the rental period under the lease for a dwelling located in a structure that contains more than four dwelling units or the late fee is more than the applicable amount but not more than uncertain damages to the landlord related to the late payment of rent, including direct or indirect expenses, direct or indirect costs, or overhead associated with the collection of late payment.A late fee may include an initial fee and a daily fee for each day any portion of the tenant's rent continues to remain unpaid, and the combined fees are considered a single late fee.