So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.EXAMPLE: PMC states they will handle tenant screening – what does that specifically mean?

If I had property management I would be paying a couple thousand dollars each month for that service, then having to still pay the PM Company’s contractors at a marked up rate for every repair.

@George SuarezThe market has changed in the last 2 years because of the raise in interest rates. 

Volatile interest rates today due to the consumer inflation index report.

I’ve had realtors/brokerages ask me for a $500 “paperwork/storage fee” as a buyer.

I'm a good 20 years from retirement, but I'm using this strategy right now, and then if rates come down at some point and I can do a cash out and maintain cashflow I'll consider it.

Pros I can think of: - higher rent rates (renting by the room) - saving cost and time on upgrade - easier advertising Cons I can think of: - high turnovers  - limited screening - possible wear and tear  

A cash out refinance to buy more property would put a substantial dent in cash flow with current interest rates.

Wait for first few fed rate cuts and refinance to purchase the next property, and onwards.

Loan rate/terms get complex once you hit that 5+ unit property, so you'll ideally want to work with someone who can help on both sides of your plan.I'd also consider MTR as an option for a $70K property.