A professional property manager can protect your investment by ensuring everything is handled legally and fairly.Maintenance and Repairs: Routine maintenance is essential for keeping properties in good condition and maintaining property value.

But wanted to add that you may want to consider a consultation with an attorney or even your liability insurance company to discuss best ways to handle this up front to avoid mis-steps in communication with the tenants, neighbors, media etc.

You need detailed language to handle all possibilities. 4.

It is an intensive leasing process each year, from the advertising to handling inquiries, applications, showings, etc. 

-- Roommates could accelerate your savings and give you experience dealing with tenants.How are you going to handle two mortgage payments while your rental sits vacant for a few months - or do you naively think everything rents instantly?

And create a team to handle the stuff you don’t have time for.  

That's just one scenario.But again it depends on what you can handle and what makes sense financially, I couldn't give you a perfect answer on what to do. 

Please answer any of these questions or suggest any advice on how I should handle this mess.

Do you have a handle on what your closing costs to purchase might be and also the closing costs to refinance the loan? 

I want any damages/fumigation related to termite to be handled by the seller.