The person managing the  arbitrage will be doing frequent cleanings and small repairs, etc.Make your own decisions but I think there is another issue at play here that you're not letting on.  

AFTER removing the tile I started looking at how to patch over the hole - spent some time looking through tile forums (frequented by people who do tile for a living) and found that once you break the waterproofing on a shower, there is no sure way to waterproof it again - you essentially would have to remove all tile and backer and start over from scratch.

Painting needs to be done frequently and pressure washing the sidewalks and railings is common practice.

I like to walk around the house and knock on all the windows, doors and sliders as well before entering, because frequently homeless or squatters like to sleep in the closets with the doors shut closed.  

You're probably not going to travel to your market too frequently, so you need to be able to make sure things are staying on track without a huge expense.

For recently acquired properties, how Schedule E is prepared, and exactly what numbers appear on what lines, is frequently make-or-break.

I frequently study my local market and do what I like to call "pick people's brain" in my local market.

I've been reading the forums and listening to the podcasts more frequently as of late, hence wanted to introduce myself and see if there were any other active members in the Central NJ area who wanted to get together and talk real estate!

@Nicholas Foy I’d continue using whatever methods you usually use to scour your target markets as frequently as possible and analyze as many deals as you see that might look like they’ll make you the cash flow or appreciation or whatever metric you are looking to achieve when you invest.

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