We have one property managers whose job is to be our eviction Laison across the whole portfolio.

Something many new investors don't think about is that property managers usually negotiate volume discounts for some of this stuff.

I'm certainly cognizant of the risks of managing a property remotely (my wife and I did rent out our Chicagoland house for a couple years while living in STL).

I currently work for a property management company also located in the Midwest so please reach out if you have any questions!

That's up to my operatione manager.

That means learning how to vet a manager.

Even if a title company were to manage the setup making sure all parties are paid, the cheap debt and cash flow would not be enough to be enticing to any investor even if midterm rental could yield a healthy return. 

I’d love to hear about the crime rates or any other issues (which we cannot guess from the online stats), and how easy or hard it is to find reliable tenants and property management companies.

A small multifamily property is a smart choice for a first investment—it offers a great balance of income potential and manageable scale for someone new to the space.Don’t worry about being ambitious; it’s clear you’ve done your homework, and you’re already ahead of the game by setting a clear goal.

For example, could I use my SDIRA to operate a management company that charges my holding LLCs a management fee?