Professional property managers stay updated on legal requirements through memberships in state or national organizations.

It’s not the most simple task unfortunately - definitely requires some technical skill.

If you are in the CLT area and are looking to connect with othr like-minded individuals, I would love to grab a coffee with you!

I am considering getting into this space (looking at some courses), but worried that its too late, and that deep local market knowledge/understanding of buyers/connection with developers etc is required to make this work, which only incumbent/long term investors will have and would be hard for a new entrant starting from scratch to catch-up...is my hypothesis valid in your opinion ?

Especially in a high interest rate environment where cash flows on long term rentals are muted and there is significant capital required to purchase and list on airbnb.I live near NYC but would invest out of state in an airbnb / landlord friendly state.

Additionally, we have developed templates for tracking key metrics that we require our PMs to fill out weekly. 

Mortgage notes require due diligence on borrower history and property value.

Some other other options to consider that may be easier, would be these: 1) Take your $840k and have a money manager at Vanguard, Fidelity or Schwab invest it in individual bonds at a 4-5% return. 

Also, as long as the house appraises, taking broker commission and using it against down payment and closing costs means lower cash requirements for me which increases my CoC returns.

I am sorry that the storm that passed through just prior to your stay required emergency roof repairs.