Just started our own firm investing in and managing property in our relatively new (~5 years now) home in Charleston, SC.Happy to be a resource to anyone and look forward to making quality local connections!

A good property manager can help with tenant screening, enforce lease terms, and handle evictions more efficiently if it comes to that.Require a Larger Security Deposit: Within the bounds of local regulations, a larger deposit can provide a cushion in case of damage or unpaid rent.Consider Rent Guarantee Insurance: Some companies offer insurance products that can cover lost rent in case of tenant default.

As for finding a contractor, asking local investors for recommendations is a great start.

Newton's law of tax: What goes down must come up.Everyone enjoys the sweet benefits of bonus depreciation, but what happens when you sell?

I purchase the land from a local jeweler who I tracked down at his business and asked he was interested in selling.

The law allows you to charge for ALL cleaning, including trash removal.

Our laws require us to offer a rental first come first served (first completed application that qualifies must be offered the unit).

I figured the PM would definitely be local to the area of the property and would need different PM's for each area, those were just the areas I'd like to invest in. 

There won't be a lot you can do, but I am not familiar with the tenant laws in NM.

Reaching out to local agents?