Focus on areas with sustainable taxes and long-term rental demand, targeting groups like college students, young professionals, or travel nurses.

Do you run the numbers yourself, do you have an internal CFO, or do you work with a fractional party CFO?

These days as you mention with STR almost everything can be handled remotely...cleaning, painting, locksmith, yard care, even drive by pictures of the house occasionally or internal pictures too. 

I went from Teaching to Coaching college basketball to executive recruiting  (headhunting). 

As a realtor, investor, and owner of a construction company in College Station, Texas, I understand the importance of having trustworthy and efficient workers.

Alternatively, you could consider seller financing, which could provide you with a steady income stream while selling the property.As a real estate investor, realtor, and owner of a construction company near Texas A&M (College Station/Bryan,) I'm happy to help in any way I can.

So, yes, you can absolutely have a great rental business as an out of state ( and even international ) investor, as long as you have a solid team that are your boots on the ground. 

It's a good time to review markets, but living in China there are a lot of other closer, international markets that could be options as well.

It is mid year and this tenants mom (co-signer) wrote the following note;I am writing to formally request the early termination of my child's lease at location in San Jose due to a medical illness that renders him unable to continue attending college.

Also, the state of formation is likely where internal disputes would be brought among LLC members, so if you and a partner and/or spouse live in CA, you probably want to arbitrate in CA if the two of you had a disagreement.