Nita Cook is a great property manager in the area for short term and long term rentals.

Have yourself own an interest in the LLC, and have another entity you control own an interest and be the manager.  

Start by going to www.narpm.org to search their directory of managers.

Do they use pen and paper to record this information or do they have some sort of software to manage it? 

I had to relocate to Ohio to manage it.

@Alison EvansI could not imagine managing 48 doors!

Plus, there are upfront costs to consider, like furnishing your condo and any expenses tied to managing it as a rental.As for refinancing, it might not be the right time with interest rates where they are.

I would like to start close to home as I plan to self manage the rental side of it.

Rental income is subject to tax, but it is also possible to deduct many costs related to owning and maintaining rental property, including property management fees, repairs, and mortgage interest payments.Additionally, for those investors holding properties in Germany for the long-term, the country's capital gains tax law is attractive.

We currently own/manage properties across a few states including Hawaii so we aren't new to managing short term/mid term rentals.