PROs: 1) You will learn more about how property management works, which will improve your chances of hiring a good PMC in the future.2) You will save PMC fees3) You'll know your properties better than any PMCCONs:1) You may make costly PMC mistakes: tenant screening, legal, evictions, maintenance, being too nice, not being on top of things2) More time3) You may make emotional decisions insted of business decisions

Assuming a 70% LTV and applying 10% vacancy reserve, 10% capex&maintenance reserves, and adding a 10% property management fee, it does not cash flow.

Even in the fully rented spreadsheet, with a 25% vacancy and an increased repair and maintenance and CapX amounts, the property still cashflows at $167/mo with a 10% CoC ROI.

We routinely form these for our clients.

For instance an investor with little cash but a lot of energy may be able to buy a high yielding property that requires a bit of maintenance.

Be careful of cheap property they can be trouble there is money to be made there but the risk is high and the cashflow often goes into maintenance.

I’m the owner-operator of Maintenance Control 360, LLC. 

We do focus on being proactive with maintenance of the property, to avoid crisis or dissatisfied tenants. 

He is very low maintenance, pays on time. and I don't believe he has intentions of going anywhere.

I’m a 24 year old maintenance technician for a property management group in Buffalo, NY.