A property manager that can assist with rent collection, tenant screening, maintenance, and run an online ledger for us to track expenses.

However, before you do so you should ensure that your revenue from rental income covers ALL your property expenses in the townhome, including mortgage, taxes, insurance, maintenance/repairs, vacancy, property management, etc...

For our second STR, we are currently researching Sherman, potentially / ideally, a less expensive duplex that we could rennovate and self manage from Dallas with workers coming to the area in mind. 

Other than a few regular maintenance and wear & tear, we have had minimal expenses.

Any leftover gain is taxable.The $150K left after paying off expenses isn't directly taxed.

Hey Alejandro, I moved to Columbus a few years ago (from Portland, Oregon which was super expensive) to become a full time real estate investor, and ever since, I've completed quite a lot of BRRRRs, flips, and own a successful rental portfolio here in Columbus Ohio.

Taxes, insurance or repairs, and then lose the property to foreclosure having pocketed what6 months or more rent payments with no expenses.  

Also, I have learned in all things that are expensive that a good rule of thumb is go SLOW.

It is more expensive to buy rental/investment properties vs a primary residence (primarily because of interest rates). 

The only issue is of course it will be expensive to bring a photographer 3-4 times!