If you don't live in the area, most towns will force you to hire a property manager. 

The bookkeeping is good for some things like doing taxes or looking at reports of how things are performing, but it doesn't help much with budgeting and making day to day decisions for how to manage money.

This is absolutely abhorrent lending behavior and was somehow approved by a committee consisting only of the CEO,CCO, and EVP.Nitya Capital is a Texas-based real estate investor founded and managed by Swapnil Agarwal.

That's about 14% of your annual income, not 25%.Is it wise to self-manage?

I can't get @Patti Robertson to manage any of these :) ).

I'm not sure competition was the problem for you - sounds like it was more an issue of marketing and managing the lease up process.

we are a fully integrated developer builder and property manager How did you find this deal and how did you negotiate it?

.$2400 - $1265 = $1,135.00 This property is self-managed by an investor locally so no management fee.

Arranging financing, forecasting cash flow (it's not "rent minus the mortgage"), managing contractors, managing tenants, managing property managers, dealing with permits and city inspectors - it's a lot more than the average person realizes.

If you have constant access to great deals that you have access to and he doesn't, have him front the money and you manage the process and even get in there and help the contractor with your labor.