Just have to establish good boots on the ground.

To thrive, begin by studying the nearby real estate market, grasping property values, rental rates, and vacancy rates.

The costs associated with managing properties are well established for anyone investing.

I'm live in Old bridge, NJ and due to high property taxes in New Jersey, PA seems like the best state to invest in(Tavel time ) I'm trying to identify rental markets and research, while trying to establish a team.I've done some research and came up with a few areas in PA include Allentown, Lehigh Valley, Bethlehem, Scranton, reading and Kutztown I'm hopping to cash flow between $100-200 per unit is possible (with property management), and can reasonably expect some appreciation in the next 10-20 years (2-4% per year would be ideal, though achieving positive cashflow on my first purchase is my #1 focus).

We're all about providing top-notch service and ensuring that your investment properties are not just assets, but thriving ventures.What sets me apart is my extensive network spanning across the United States.

Whether it's hidden gems or established areas, I'm open to exploring various options.Here's where your expertise comes in:- Promising Markets: Based on your experience, which areas offer compelling opportunities for cash flow and appreciation within the $150k range?

Is there documentation I need to establish for when the tenant leaves?

Establishing a working relationship with a CPA can help you make informed financial decisions, stay in compliance with tax laws, and achieve your long-term financial goals.

I established a mgt co (PM) for myself early on. 

You might also want to look at how established the company is,  how established their accounts are, and whether or not the company is growing.