Hi Suzanne, I'm a Realtor and Property Manager in Huntsville AL who specializes in working with investors!

I would also highly recommend you educate yourself on New York State tenant/landlord law, especially if you plan on self-managing.

In fact my former employer who owned and managed a portfolio that exceeded $1B utilized an asset protection system more simplified than what you propose.

Because buying, rehabbing and managing my own properties gave me a certain expertise over time that made it an obvious choice to do so with a focus on working with other investors to help them do what I was already doing for myself.

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.

I'm working with a reliable contractor and investing in quality materials for the master bathroom, kitchen, and guest bathroom renovations, which I hope will position the home for potential insurance discounts.Benefits of Lower Insurance CostsBy strategically planning and executing renovations during the remodeling process, I'm hoping to lower my insurance costs and save money in the long run.

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

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

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