They are responsible for the day-to-day operations of the property, including property management, asset management, and project management.

We manage over 55 properties in Hollywood.

A crappy property manager can blow a great investment in any market. 

If you are new, how are you going to handle management of either a flip or tenants in a C-/D neighborhood.

I have questions: was the padsplit net income worth the time management and effort?

Long story short, we have gone through 2 pms and I think I am ready to just self-manage. 

Its more hassle and management on your end and the tenant's may feel aggrieved if for example 1 tenant is obviously using more of the utilities. 2.

If you need the interest only payment period to get a property stabilized, that is pretty typical in bridge loans for larger multifamily properties, but that is going into the property with the expectation you are going to be doing some substantial work to increase the cash flows accordingly, versus buying a property that has been relatively well taken care of and good property management in place.

Son and daughter manage the properties.

I have read a ton of the posts on here to pick up some recommendations and advice for managing class C/D properties but always open to more wisdom from my fellow investors!