When Should You Self Manage?

[Ted Kaasch]

I hear many clients talk about when the best time is to self manage your properties.  Of course we all know its based on your lifestyle and location of your properties.  My question is assuming that you're buying where you live.  Lots of my investor clients say they self manage their first 4-10 properties then seek a management company.  Then I am also told to start your own management company when you exceed 150 properties.  Whats your thoughts and what have you personally done?