Managing a rental property can be challenging, especially if it’s your first experience.

My excess cash flow per year is around $300k in cash, meaning theoretically I could do 6 deals, but in order to make that salary (HHI $722k) I need someone with the time to do the repairs and manage the tenants.

Not impressed with other large institutional managers who are very light with boots on the ground and in many ways have the attidude they are assisting you in managing the property, not managing it for you.

Just requested a property management account.

Navigating property management in the U.S. has been a bit of a learning curve as I am looking to build a good team.

How would you suggest going about finding a deal and managing it out of state.

Use Series LLC to handle management activities, including collecting rent and signing leases.

Congrats @Emily Pena - I'm also an agent (working mostly with investors), property manager and an investor myself (currently owning 26 rental units). 

How much are you having to pay the management companies?

It wouldn't hurt to set up time to meet with agents, property managers, lenders, and others while you’re visiting your markets of interst.