I have started educating myself on how to mange my money and a small business by self-educating.

Account Closed I mange a handful of C class properties, but I still manage to screen really well, and the owners are ones who will put money into the properties to attract a better tenant than the usual for the area.  

My goal was to have him hire subs, mange contractors, bid jobs and basically handle the rehabs for my flips and rentals.

It looks like there won't be much need of repair -- I estimate $5000 at most.All the utilities are split out for the 3 units, except for water, which is $200/quarter.If I estimate 10% Vacancy, 10% repairs and maintenance, 5% capital expenditures, and 10% property management fees (I will mange it myself), I get NOI $11,362, cashflow -$212, CoC return of -3%I believe it's in a good location/neighborhood, one that I wouldn't mind living in, and it's close to Newark Airport.I would really appreciate your thoughts.

if you can mange the properties and it checks out to make $14000 a year on a $45000 investment is great What is the down side for you ?

I charge one month's rent to find and verify tenants and charge 8% of rent to mange the property. 

I self-mange and have yet to experience any vacancies but still shouldn't overlook these expenses. 

So in Colorado you have to have a RE license to be paid to mange a property for someone else.

Here is why:  When I make a recommendation on a property that I know I am going to be manging I feel an added layer of accountability that this property better perform as promised.  

Yes the condo is one my wife and her sister inherited. i have a few rental properties here in PA i mange myself.