Here are some numbers: Current PITI: $3,970Estimated rent: $4500-$5000 (there are several homes within 4 blocks of mine that owners have turned into rentals and I've been able to compare online pics to our home, so I am confident this is a good estimate)Sq ft: 1790Estimated sale price today: 1150000-1250000Mortgage balance: 612,000I would self manage. 

Don't you think with the HOA there, it's still easier to manage on your own compared to single-family?

Of course the co-signer should be significantly stronger in ALL areas as compared to the applicant...usually this is a parent or relative, and they should be well established, with ownership of real estate for years; long and stable employment; no, or very distant, criminal and traffic court records; well funded SAVINGS/IRA's or stock market accounts.

Get the inspection report and check comparable properties quickly for condition and then go to the seller with your proposed reductions and be able to point out condition-comparable properties in keeping with your proposed price reduction.

Where does that rent compare to market rent?

It’s typically less risky and easier to manage compared to a fix-and-flip or mid-term rental, especially if it’s your first time dealing with property management and rehabs.

I hate full blown Landlord Software because I only have about 10 units and hate the fees...I am a big fan of the "Lite" Landlord Software and the only one for rent payment that can be 100% free for the landlord and the tenant WITH automatic late fees is apartments.comI actually did a whole video about this on my YouTube channel comparing the must have features of any rental collection tool!

We recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

Each option has different costs and terms, so compare them based on your transfer amount.

Create a simple spreadsheet or written list to compare the features of each and identify the ones that align with your requirements.