I have a spreadsheet to track how much I accrue/set aside each month based on the rents I expect to have coming in.My banks let me have these accounts for free with some nominal minimum balance requirements.I have separate accounts for:Working Capital (main account, rents come in, mortgages go out)CapexRep/Maint/VacancyTax/InsuranceCashflowTenant deposits (for self managed properties)https://www.amazon.com/Profit-First-Transform-Cash...

Would love to get some opinions on self managing vs. hiring a PM, specifically in the Boston area.

Our first goal is to develop enough passive income to replace our own mortgage payments and then see where this takes us from there. 

I would develop a solid criteria for size and product type you are looking for.

- Do you have anyone to help you develop the scope of work for the rehab?

My thinking was a management fee for a self managed property would be the income generated from the positive cash flow.

A house that has survived 100 years of neglect has probably got good bones, while modern construction is often all about slapping stuff together as quickly and cheaply as possible in order to maximize profit for the developer.

If I was coaching my younger self, this is what I would recommend: Read Brandon Turner's book on Rental Property Investing https://www.amazon.com/Book-Rental-Property-Investing-Passive-ebook/dp/B018UTI2DOListening to the BP Real Estate podcast https://www.biggerpockets.com/podcastListening to the BP money podcast https://www.biggerpockets.com/moneyshowAttend your local REIA meetings to networkStart analyzing deals to get practiceEngage more on the BP forumsAll the best!

After much reading and self teaching, we decided real estate would be the best avenue for investment.

Is it unrealistic to think I can self manage the property?