You talked about location and size, but how are the things you can control? 

A local property manager can handle tenant screening, maintenance, and rent collection, which is especially useful if you’re not living nearby.Legal and Regulatory Considerations:Local Laws: Be aware of local rental laws, including landlord-tenant laws, rent control regulations, and short-term rental ordinances if you consider Airbnb.HOA Rules: If the property is part of a homeowners association, review the HOA rules and regulations regarding rentals.Financial PlanningRental Income: Ensure that the projected rental income covers mortgage payments, property taxes, insurance, maintenance, and property management fees.Tax Implications: Understand the tax implications of owning a rental property, including potential deductions for mortgage interest, property taxes, repairs, and depreciation.

This situation was beyond my control and I took quick, aggressive action. 

Do you want checkbook control or custodial?  

Dave Ramsey had $12 million in real estate as a young 20-year-old in the 80s and it all came crashing down when something beyond his control changed in the market.

Controlling your basis is very important and the quickest way to do this is to not overpay.

If you are looking to have anonymity of ownership, they passed a Federal Law requiring LLC owners to disclose their ownership of the companies they control to the federal government.

Because in reality, by not hiring a property manager, and committing to doing the easier things myself--like unclogging a toilet / shower drain, fixing a light bulb, pest control, calling a plumber--I am committing to be on standby for many hours, which is a sacrifice of peace of mind / being able to leave town or take vacations--and I would like to know if it's worth it. 

Then, I would forget about it until they actually reach the eviction stage because it's out of my control.

The complaint remains pending, or I receive no response.As I try to rent out my place, I am concerned about my liability regarding this hazard, which is outside of my condo and beyond my control, yet poses a potential safety issue to my unit.