If this is relevant for your market and operations: Assume that you will take home 1/3 of the commissions earned from a sale (which BTW is more like 2.7% per sale, NOT 6%, and really not 3% if you're taking the long view of the data). 

I'm a small operation, but I bill the 1st of every month.

You've gotta ask the right questions to find out how they operate and how they will manage your investment. 

We have already formed an entity to operate in and well defined operating agreement, but they still aren't willing to work with us.

Once you get to this step the cash flow you're generating should be dedicated to buying your time back. 6) Outsource - bonus points if you can find someone that understands real estate not just from an accounting standpoint, but the operations and lending as well. 7) Leverage your team to do ridiculous things and never do the stuff you hate ever again

Appliances are as simple as you can get them so that even the dumbest people can operate them. 

The management LLC does not own any assets.In Quickbooks every property is a "class" so we can track capex and operating results per property.

It's a great way to get started as it eases you into screening/managing tenants and operating a rental.

COVID tends to obscure the statistics somewhat, and it's confused the market operation in places like the Tri-state area, but I have a feeling that we're hanging out on the price plateau of NYC real estate.

I see a lot of potential and know how to operate them as I currently work as Director of Operations for a large theme park group in Vietnam.