Long Distance Landlord

[Remi Oguntoye]

Hi All, I am a new real estate investor. I am planning to move approximately 550 miles away to a new state for a new job. I intend to maintain my primary residence, purchased just over a year ago, as a rental property. The home was new construction last year, so I don't think capital expenditures should be that high, if at all in the early years, due to builder warranties. I have never landlorded before, but due to razor thin margins (per the rental property calculator), I am considering trying this long distance. Is this too much to bight off for a newbie long distance, while also starting a new full time job? Should I pay for outside property management?

[Remi Oguntoye]

Thanks Ty. In my head, I guess I know it's the right decision to pay for property management. I am just hopeful I can get the rents I need for it to cash flow, by leasing the property furnished.