You will need to get a local, rockstar Realtor, contractor, lender, and property manager.https://www.biggerpockets.com/blog/core-four-real-estate-tea...

This way I could slowly build equity in this property while I live there and do my daily job.

Everyone starts somewhere and my tea is in place.  

My team and I have put together an internal MLS system updated daily (which the current market doesn't have) with an updated inventory and information on hundreds of projects that have been developed or are in the process of development in the Riviera Maya, so we have a clear investing analysis. 3.

Multiply these calls times the hundreds of wannabe investors in Phoenix, and suddenly it becomes a daily occurrence and those minor inconveniences of getting phone calls really starts to compile.While the FTC is a joke, individual lawyers aren't.

We do our daily rate and then give about 20 to 30% discount for renting a month at a time.

You can use this to:* See how your listing is doing over time* Compare your listing vs your competition - daily rate - occupancy, etc.* And for low performing properties one of the features i really like is you can make a change to your listing - lets say update the property description, log it, then see if this makes any chances in your placement.I'm not affiliated with them but think its a great tool to turn around poor performing properties - assuming the STR is competitive compared to your competition.I agree with Henry that you can probably do better self-managing IF you have the time and appetite for dealing with guests and learning the dos and don't....Heres is the turnaround of one of our Floridas STR that was lagging - now back to near the top on the first page.  

The way I would use your MLS access is to just peel through the MLS daily looking for distressed assets.

Take it from me - I have to work with them daily.

This question gets asked daily so do a search.