Hiring a Property ManagerManaging Yourself:Control: You have direct control over tenant selection, maintenance decisions, and overall management style.Cost Savings: You save on property management fees, which can range from 8-12% of monthly rental income.Challenges: Being across the country means responding to emergencies or maintenance issues can be tough.

When all these are factored in, the average cap rate on a single family home is in the low 3% range.

I have had some clients out of state self manage larger class B 4 units $800k range and it seems only way to cashflow right now is self managing larger deals. 

As an investor myself, I have seen areas like Cleveland and Dayton with COC ranging from 10-18%.

@Alex Capozzolo I've done quite a few new construction projects in Philadelphia, mostly in the 2-4 unit range, but some larger as well.

A new septic, when it comes due, is low-range 40k if it's a direct replace and the leach field is ok.

We manage over 65 properties in Indianapolis, ranging from LTR to MTR, and STR.

Have you looked at a little bigger multifamily, like in the 5-10 unit range?

Loan Term and AmortizationCommon Term Lengths: Loan terms for seller financing vary but often range from 15 to 30 years to keep payments affordable for the buyer.Balloon Payment: Many seller-financed deals include a balloon payment due in 5 to 10 years, at which point the buyer would need to refinance or pay off the remaining balance.

You want to get paid in your name only, as the Mortgagee or Loss Payee.With the huge range in costs, and dramatic price increases, borrowers are notorious for skimping on insurance.