that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases.

If it's a horrible, very high crime area (and that is also relative) and you will never manage any part, in that instance I say run.

You'll have a property manager do the management (so you being close to it is not needed).Yes there are risks for some people to go out of state but if you learn the techniques like I have, you'll see it's actually easier and far less risky.

He was happy to allow me to rent out nightly because it actually helps keep his property in better shape than a long term renter (having a cleaner in there every turnover, short stay guests always let you know when something isn't working, etc) but didn't want to hassle with worrying about a percentage of income/management, etc.

And if you do manage to get a property tax abatement or some relief from the assessor, that’d just be icing on the cake.Good luck, and let us know how it goes!

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases.

There are a few properties in the Midwest that manage to generate cash flow, although the appreciation is minimal—this is about the best scenario you can expect.

It’s online only but purpose built for business owners and they have automation for those applying the Profit First cash management system.

The key is understanding your comfort level with managing multiple units right out of the gate.. 

I do accept partial payments from both and eventually they have both managed to get caught up.