The comp said it was worth about 76k, and based on the level of finish i'd agree I think.The thing that makes it appealing to me are the numbers.

This tells me he cares at some level and has an eye for detail.  

You want to make sure the tenants know you will handle emergencies immediately and any other request promptly.I almost would suggest not to get a full service management company for the first year or 6 months as how will you know what level of service to expect. 

They should work to maintain a high level of tenant satisfaction and minimize turnover when possible.

Will they get to SF levels where 1bd condos are going for $800k or more?

You'd also pick up the front-side commission of course.One of the things we talk about at our company is that our customers seem to value deals they find at a higher level than ones we find.  

@Tim Shin I really like the BP calculator for back of the envelope high level estimate, but you're right that every property will have different expense ratios.For example - one of my rentals is a brick home, energy efficient with an older A/C unit.  

Recently I passed the CFA level 1 exam and decided to take a break and I'm spending that amount of time I would be studying for level 2 on learning everything I can about real estate investing, specifically buy and hold and renting out at this point. 

I don't like renting in apt buildings or plexes where the noise level drives me insane.

If you don't mind me asking, how did you get started and reach the level you are at?