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Updated over 5 years ago,
Landlording from out of state
I am new to the rental portion of RE investing and am analyzing the following deal. This is a basic overview as the numbers aren’t important to my question. 6 New construction single family rentals. 2 bed 2 baths renting at approximately $950.
I am considering managing them myself to keep my cash flow up. However my family and I are planning to move shortly after the build out of the lots. If I was staying it would be a mute question but with the move would it be advantageous to do my own management or is this an aweful idea being that I am new to property management? Any advise on how to manage from a distance, from those thinking it may be a viable option would be appreciated.
Thank you