Just a quick tip -  you can leverage your existing network of title companies, lenders, and other real estate agents to find off market deals.

Do your research on the forums for general tips on hiring a PM, what to look for, what to look out for, good stories, bad stories, learn from others about their experiences with all kinds of PMs all over the place and take what you learn when you're speaking to PMs in your area so you can more easily see red flags, or green flags!

He would replace the dirt and sod to correct the erosion issue as well as provide proper drainage.I have two questions:1.

He is going to give me power of attorney to handle it... any tips?

Thanks,JaredI'd only pursue this if there is an big upside for appreciation, or if you planned on keeping the house forever as a rental.Run the numbers, subtract 15% a year for vacancy and on going maintenance and repairs during each year, subtract 15% per year for maintenance and repairs to get it market ready once you decide to sell it.Example if you were to keep it for 5 years and sell at the end of five years:12x$200=$2400 year gross profit15% for vacancy, maintenance, repairs ($-360.00 per year)= $2040 gross profit per year15% set aside to repair, repaint, replace to get ready to sell on market = $1800 $7000-$8000 net for 5 years of rental.Appreciation over the term you would keep it would be the only incentive, and it could be a big reason why to rent it.

You will be replacing carpet constantly. 

My questions are: 1) Is this a common concept in commercial properties that the tenant is responsible to repair, maintain, and replace anything in their leased space regardless of the cause?

Look online to see if any properties are being offered for sale or rent with a legal basement unit and you may get a tip off.

This would just mean that your 1031 purchases two replacement properties.3.

Or do you have any general tips on what to look for in a restoration company?