Or hire a PM company to manage for you?

I am based in Virginia and licensing requirements here seem manageable.

I also recommend you start looking for a professional property manager, at least until you educate yourself enough to run this solo.

My top recommendation is to begin by contacting property management companies in each target area.

Might be a good book if it doesn't suggest unethical or illegal practices, but that isn't teaching real estate.Mark, your material might be very good, I've never seen it and I don't recall you advocating anything too wild or crazy, I think what you're saying is you teach real estate techniques or aspects of real estate.

I have managed to get myself into a bit of a complex situation on my first deal and I'm looking for some advice. 

I manage the program for one so I wanted to provide good questions to ask.

My responsibilities are to manage the FB ad campaigns.

@Devon ShivesFrom my experience, If you're considering a cash-out refinance, negotiate for a smaller amount to keep the increase in your mortgage payment manageable.

However, the tax treatment differs between short-term and long-term rentals:Short-Term Rentals (STRs): If you materially participate (work 100+ hours and more than anyone else on the property), you may be able to offset rental deductions against W-2 or other active income, offering greater tax benefits.Long-Term Rentals (LTRs): If your AGI exceeds $100K, your rental losses may be limited, unless you qualify as a Real Estate Professional (REPS).If you plan to expand your rental portfolio, consider an LLC later for liability protection and easier management.