If it does not work out, I will consider the stock market which has more risk, but life is all about taking risks, right?

You're either going to sell at a loss and have to make the difference up at closing from your other assets or you're going to work out the debt on the property, get tenants in there and dispose of the bad memories whenever you can do so at a reasonable profit in the future.

This approach might be more immediately accessible and less intensive than a full BRRRR, given your current situation.

They didn't specify specifics, but they said that they will work out a new rent schedule to account for the transfer of costs from yourself to them for heating and cooling.Incidently, they were trying out these new window heat pumps that look like a horseshoe. 

We self-manage our MTRs in Colorado Springs and Denver and nearly all my STR investors self-manage, and that's a more time-intensive job than LTR management (which is what I'm assuming you're talking about).Good luck in your next year.

How did everything workout?

That being said, we are considering to sell and invest in something less management intensive.

I prescreen over the phone before we meet and you get to see the home so I weed out a lot of people before we even meet but there have been a few families I really liked and was routing for that did not work out. 

After a while I think you'll start to get an idea whether it's going to work out or not.

, you may find it easier to do distance investing vs in the same state.I have three doors locally (single fam and a single fam we turned to a duplex), but ultimately my husband and I are more focused on the long distance investing as it's hard to make numbers make sense out here in Utah.That said, there's amazing real estate groups and meetups out here, and if you do want to buy local, getting connected with those groups will be the best way to hear how we make deals work out here, or killer deals that are hitting the market or that might be off market deals.Best of luck to you as you start out on your real estate investing path, we're all here rooting for you!