I'm with you on the management fee as a self-manager, even though others may disagree.

I saw your information and would like to purchase several self storage around my town , or up to 50 miles, in northern Oklahoma! 

If you decide not to self-manage from out of state, I also work with a really great, super investor-friendly property manager. 

Because the Seller has self-identified themselves as someone who is “motivated,” and they have reached out to a cash home buyer, the dynamic is this: “we both know I need to sell, and all that matters here is price.

This is a great forum with very knowledgeable members that will help to guide you in the right direction.There are a few self-contained guides that you can access here: https://www.biggerpockets.com/guidesAlerts can be really helpful too: http://www.biggerpockets.com/alerts

@Mason HickmanThank you for the reply Mason, those are some things I thought of as well, self managing for a bit to help with cashflow early on could be a good trade off.

I'm currently self-managing with some assistance from a family member that is a property manager.Nitty-gritty info:3466sq/ft 4 unit multifamily property. 2 bed 2 bath2 bed 1 bath x21 bed 1 bathA semi-finished basement that was rented out by the previous owner but was destroyed by that tenant and is currently unusable as a rental space.

Here are the owner's/broker's self-storage numbers..

In my humble opinion, multifamily & self storage remain stable investments, and don't tend to be correlated to the single family market, and its vulnerability to changes in interest rates, which is why investors flock to commercial real estate niches such as these.

I'm a little local handyman landlord just outside of Pittsburgh with a tight little self-managed C-class portfolio, for instance.Here, in low-rent single family and small multifamily, the name of the game is finding that one good old building with strong fundamentals going for it out of ten other true moneypit crapshacks that are really ready for the bulldozer.You get nowhere here unless you screen like crazy and put the people you rent to under a microscope.