So the question becomes based on their individual and personal tax situation what is the estimated tax burden they'd save? 

@Kris Lou Many factors go into PMC pricing:1) Locality (city/state)2) Neighborhood & Property Class (time to manage Class A < Class B < Class C < Class D)3) Property condition (slumlord properties hard to manage)4) Number of units (some economies of scale, but not as much as owners think)5) Owner expectations (some owners really want a personal assistant!)

Eliminate debt, establish a budget, and save.

@Laurens Van swol a few banks that we've worked with in the past allow you to close in your personal name.

That would be a separate mortgage and not what amounts to a second loan on your personal residence, which if you have spouses, they might not be that into. 

Eliminate debt, establish a budget, and save.

Would a HELOC or home equity loan on my personal home be a good idea to fund this?  

Not able to move (at least for a while) due to my job.Looking to use savings that would’ve been for a primary residence down payment to invest in rental property out of state.Would love to make connections, hear thoughts on good markets to look into, strategies to maximize return, etc. 

Here’s my perspective based on personal experience.For some context, I’ve been investing in real estate since 2019, primarily in Detroit, while living in California.

I personally believe that a better way to jump into mid term rentals is to take a course on buidling a property management company or cohosting business where you bring your skillset to the table without the intial investment into all the furniture and leases.