If so, would you be willing to share the terms and how it worked out for all parties involved? 

The time to get tenant insurance involved (if they have it, we require it) would be before the claim is filed.

We obviously handle the ones near us in-house, but hiring someone in another market to work one day a month is a bit of an odd task.My guess is that remote property management companies need to have a sort of Swiss-army-knife person in the area that can do many variable tasks for them and works on an hourly basis as there may not always be things to do, but I don't know that for a fact.How do remote/long-distance property management companies overcome the challenges of not being in the area?

The repair work will likely involve the removal of drywall in order toperform repairs.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

But you'd have to be quite involved initially, especially to get access to better SBA lending. 

We're involved in a curriculum right now, and are also reading a bunch of books and binging on Bigger Pockets podcasts.

It really comes down to your investment goals and how involved you want to be in the process.

@Bradley MairThe strategy involves buying properties as primary residences, resulting in lower down payments and better cash flow.

Hey guys, late to the party, but I'm heavily involved in investment real estate as a Broker Associate and investor in Fredericksburg, TX as well as our second home in Natchez, MS.