My only recommendation is you go with someone local to where you are.

Facebook Groups, local meetups

Thanks Sarah, I don’t see much house hacking going on in Essex or Dundalk in terms of listings on Zillow or FB so my concern would be finding professional adult roommates that want to house share in that area. i’ve been following a lot of the midterm rental groups in Facebook and the consensus is that contracts have decreased significantly and hospitals are using more local labor pools.

Hopefully, this is a useful example of what’s achievable with out-of-state investing, even with no local connections. 

Howdy,I haven't decided if we are gonna manage the property or hire a local area property manager yet.

They can offer valuable insights into the local market, potential rental yields, and specific considerations for a rehab project like the one you're planning.

I've talked to two local agents about possible price points to list at, but it almost seems like they are pulling numbers out of a hat.

I have a local handyman that helped me hired junk removal company and pest control for the roaches.

Right now there's huge concentration, but as this continues to build out and we see north of the high 30s GW by 10 years from now it'll be almost a requirement to keep some type of locality based risk assessment and to diversify. 

These are by far the least amount passive so do your due diligence on understanding how to run a successful STR business and researching local laws on allowing STRs.2.