They’ll be paying 40% of market rent, you’ll be paying them $3,100/mo to “be good tenants” and you’ll be out $261,000 in rent. 4) think about the “lovely good tenant family” that you are denying a place to live for $1,600/mo (20% under market) because you want this other family to live there instead.5) Try this exercise.

I would highly recommend that.

They came highly recommended to me from an experienced investor

Since I am doing the work, I have no quality issues and believe in doing the job right.

I highly recommend starting by tuning in to the BiggerPockets podcast.

( I understand the answer will be highly variable but anything will help)P.s.

Because the cash flow isn't that great due to HOA, I am hoping to find a PM who is competitively priced with their fees without sacrificing quality.

If you're evaluating property to invest in, I would recommend finding a quality broker to assist you in evaluating that property, and others, to make sure you have as much assistance as possible related to a large investment.

We would plan to keep our current home and rent it out as well if we did this.I appreciate your insight on the tenant-landlord relationship, makes sense to target a better quality neighborhood to hopefully prevent some of those issues.

To add to that, where high income people are moving.