I’m sure your community has some sort of real estate networking platform.

That means learning how to vet a manager.

Quote from @Doug Kirk: I have seen a few auctions on properties that have seemed to be something worth looking into but I am still learning how to locate all liens on a property or the position of those liens.   

1st step is to make sure that the electricity is rated for having electric heat by the electric company.

I’d recommend interviewing a handful of companies, asking for referrals, and making sure the team you choose has a multi-layer review process—so it's not just one person handling your books, but a team with oversight and checks & balances.And totally agree with @Markus Shobe: you get what you pay for!

Be sure that you are honest from the jump, your estimated rate are only as good as the info you give them.

I wish you would have told us the year, it makes a huge difference.Anyway, everything you mention, plus 1) get a camera run on the sewer line, 2) make sure the Elec panel is newer and sized correctly (a lot of HIs will just say if it's functional or not) 3) Foundation ( is it slab or raised?)

Looking forward to learning from each other!

Some landlords offer a discount for early payment as an incentive, but I'm not sure that would be appropriate in this case.

If so, be sure the studio was permitted.