Exploit your strengths, hire out your weaknesses.

The only area of weakness that we have experienced is communication.

Do you want to manage a possible weak cash flowing property from across country in two years (or are you going to get a great deal and sell it...counting on appreciation is not a great deal)?

In my case, I am a buy and hold investor buying from a distance, looking to form a working partnership with and train a local house-hacker or BRRR partner, who I can train to be my local boots on the ground.In this, I am looking for more of a top level "master list" of the key areas of responsibility and knowledge/expertise that are needed for a full service enterprise, to evaluate my own areas of weakness, and also evaluate potential partners for what they will need to know and learn.Thanks in Advance,Aaron

"Contingent upon partner approval" is a WEAK contingency clause.

I know I'm very weak with my verbiage but I'm trying to make it as clear as I can.

I'm not a handy man what so ever and I do not want to get dragged into the day to day of being a landlord.I realize where my strengths and weaknesses are and that is why I am planning to utilize a property management company.My question is, are my expectations unrealistic of being a mostly hands off real estate investor?

This industry is not for the weak but for those that push through and have the abilities there is a place.Best suggestions that I have read on this thread.1.

I will also work on determining other strengths and weaknesses in this business because it is not an option for me to just sit back and watch these opportunities go by anymore!  

But that way you can address the unlevel floor and also not have to worry about the new floor have weak spots or any movement due to a situation where you have finished floor over finished floor.