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.

However, this allowed me to gain initial experience and confidence without being overwhelmed by managing multiple platforms simultaneously.

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

For real estate investors, that means lower operational costs for managing properties and cheaper construction expenses.

I property manage STR in the cape cod so this is actually good info

It depends on the property.... is it value add where there's also a construction component or merely a management improvement opportunity?

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

You can contact some local property managers and get a better idea of the rental market.

I want to remain local in NJ or at most drive down 1hr to PA (self-manage or, last resort, hire a PM)However, I must also consider maintaining reserves, a safety net for my primary home, and an emergency fund.It's just hard for a new investor now :(

No, you can manage multiple markets in one account.