I believe the property manager needs be on island (but i could be wrong).

It just adds complexities and costs without any benefits. 

I wasn’t prepared to lose so much of my savings as carrying cost basically I paid for the tenants to live there for 3 months + my own living expenses in that time.

The Highway 64 property presented a great opportunity due to its low acquisition cost and potential for substantial value increase.

LIHTC eligible, opportunity zone, STR eligible, property management in the area….Pretty decent list. didn't know where to start so I figured I would ask the more seasoned of the bunch.

How about the increased home insurance cost for a landlord policy?

Nobody watches your money like you do, you'll learn how to manage, so you can manage a manager later and you'll save precious early-years cash flow, which allows you to scale faster, especially in the first 5 years.

Good tenants can significantly reduce vacancy rates, turnover costs, and maintenance expenses.Many property managers I know are quick to fill vacancies, often asking, "Do they meet the minimum requirements?"

We also own Real Property Management Pulse located in Mission, KS.

Reach out to @Sean Graham of Maven Cost Seg.