I wouldn't do it, period.

Yes some of the stuff can be managed by phoning people to do repairs (which you can also do), but you still need someone to go through the property periodically and check on it in person. 

I would create milestone periods to do a deep dive assessment to see where I am.

Hope you are able to find some good stuff here, and most importantly, take small actionable steps consistently over a long period of time - thats the wealth builder and the difference maker. 

I’m in property management here in Oklahoma, and I wanted to chime in because having professional management in place can make a huge difference—especially once you start scaling into small multifamily properties.A good management team can help protect your investment and actually save you money in the long run by:Keeping occupancy high – Focus on minimizing vacancy by marketing effectively and maintaining strong tenant relationships.Screening quality tenants – Careful vetting upfront prevents a lot of headaches (and expenses) down the road.Staying on top of maintenance – Timely repairs and preventative maintenance protect your property’s condition and value.Conducting regular inspections – Move-in/move-out inspections plus periodic mid-lease checks help ensure the property is being properly cared for.Streamlining communication and compliance – Handle rent collection, lease enforcement, and make sure everything stays compliant with state and local regulations.For investors like you who want to focus on growing their portfolio instead of day-to-day management, this kind of support can really help maximize returns and keep things running smoothly.If you ever want to chat more about how management could fit into your strategy or what it looks like for small multifamily properties here in Oklahoma, I’d be happy to connect.

The actual return profile is driven by the hold period which is influenced by the amount of it takes for that appreciation event to materialize.

**And stay tuned for next week’s article, where I dive into why mortgage interest rates may take closer to that 18-month time period to get to normal, or roughly 5.5%.

I made a lot of money in that time period but recognize it was luck not brains.

Understanding the local laws, redemption periods, and title issues is key.

The thing I dislike about them is the pre-payment period.