As the owner of a property management company in Washington, I have encountered this situation before.

Property Management Is Still WorkEven if you only have one or two tenants, you’re still a landlord—which means handling maintenance, lease agreements, and potential disputes.

The developers pushing agents to sell one of their townhouses as a STR really inflated the asset cost cause they were pricing it on a revenue structure, not asset.

When you've been around for a while, you develop an exit strategy "tool belt" of sorts.

Then you can self-manage and learn all about tenants, contractors, etc. 

My wife and I started managing more properties for others as word of mouth recommendations started and we started to use the management and arbitrage cash flow to acquire our own properties and fund the BRRRs we were working on.  

The other contributing factor was the poor property management and sponsor asset management of the properties.

Investing in a property that’s already renovated, rented, and professionally managed could allow you to start generating passive income immediately without the added expenses of house hacking.What’s most important for you in this first deal—cash flow, appreciation, or long-term stability?

From there, you have to decide whether you want to be a landlord or hire a property manager.

The only other question I would suggest is that you do engage a property management company to review your quad and review your monthly financials.