Hello Everyone,I recently bought a 3-unit investment property in Michigan and have plans to rent out one of the units to the sister of one of the neighbors.

This Beats it all and I sleep like a baby , no stress or worries. best leads, the best technology, or peer to peer access, they handle it all as a real financial / peer partner .

At the same time, I am setting up a living trust for estate planning so that this property can be passed on to my hiers without any difficulty.

Those choices make sense if you plan on living in it at some point.

It's interesting that many of these VC-backed PMC's, despite having 10k+ properties under management, aren't doing well financially - one of them just merged with another industry-related company also not doing well.Just for fun, here's a partial list of PMC expenses that owners pretend don't exist:Office rentComputers, printers & softwareInternet & phone billOffice furnitureOffice supplies: paper, postage, ink, etc.Office liability insuranceAuto expenses: monthly payment, insurance, gas, maintenance, registration/plate feesBroker license fees: annual, monthly board & MLS fees, continuing education fees, E&O insuranceEquipment: lockboxes, signs, etc.Business income tax preparation and paymentsStaff payroll & payroll taxes Time Tasks: answering phones, calling past due tenants, scheduling tours, taking marketing pics, processing those pics, writing ads, researching rent amounts, posting ads, explaining to owners how rent determined & showing where ad posted, opening & processing mail, posting payments, bank deposits, scanning documents & posting to owner & tenant portals, explaining accounting to owners so they understand their monthly statements, taking pics/videos of repairs, finding reputable handymen and contractors, confirming they're properly licensed & insured and tracking annually, verifying repairs done properly, processing invoices for utility bills, repairs, taxes, city inspections, scheduling periodic property evaluations/inspections with tenants that don't want strangers in their homes, explaining to owners why something is taking so long, and more & more & more...OBSERVATION: many owners only want to pay a flat fee or 50% of a month of rent as a leasing fee - without realizing the repercussions. 

Basically, I want to make a smart financial decision.

They are not cheap and obviously require some kind of cellular plan, but I was able to get them to work using Mint mobile (you need a phone to activate the sim card on first, like an old iphone) Ive had 3 of these up watching a property in Cleveland, OH for well over a year, and Ive only had one issue where I needed to go check on the camera itself, (the plug for the solar panel came disconnected and just needed plugged back in) This camera in particular is nice because its actually 2 lenses that capture the full 180 degrees, so one cellular plan for "2" cameras.

I am planning to buy properties out of State to fix&flip. 

I plan to use a DSCR loan.

Sounds like there might be some "upside" as future development takes place with increased demand, but it's important to know the financial situation up until that time period.