@Perry Farella Does the down payment have to be seasoned?

You'll pay for it one way or another.There is a big difference between a seasoned real estate investor with 100+ deals and a newbie. 

You do not need to have a license to manage an apartment community.Property management can then be broken down into "annual" property management (normally a unit without furniture), a seasonal rental management (such as 2 weeks to several months up to 6 months) and then vacation rentals (sometimes for the weekend, a week, etc..).Each state has its different rules and licensing for each area of property management (annual, seasonal and vacation) as well as the different areas of management (association, apartment and property).I hope that helps.My understanding is that if you are an EMPLOYEE of the property owner you do not need to have a license; if you provide property management services as your management co owned business or as an independent contractor, then you do need a license.  

Seasoning issues. 

I am also a very seasoned investor in both states. 

Bad news is you still have to pay them to run it for you.Hope that helps navigate the seas on a surface level for your NOLA STR!

BiggerPockets is full of resources designed to help you along your journey, whether you are just getting started or a seasoned investor.

BiggerPockets is full of resources designed to help you along your journey, whether you are just getting started or a seasoned investor.

Get into the property with cash and refinance on the back end with a commercial loan that doesn't require a 12-18 month seasoning period.

I am a seasoned SFR investor and am under contract to purchase a warehouse space (16,000 sq ft).