So, not really passive.Investing in rReal estate offers a lot more control than investing in stocks, but it also requires an investment of time to do well.

What should I look for before making an offer on a property like this?

The property offered a balanced investment opportunity—enough to significantly enhance its value through renovations, yet manageable in scope and cost.

I inherited a property management company but just wondering what others are paying for similar services. 

Many desirable neighborhoods that offer a consistent predictable return on investment.  

Usually with an on site maintenance handy man versus the heavy costs of commercial services.  

Also 4th quarter of last year Packwood and county officially did discuss potentially regulating STR's by either limiting numbers or adding a tax to cover increases in local services that are needed. 

for months, a company out of the metroplex has been offering to buy it.

The only thing I will say that I wish they offered within the app that they don't is a way to track mileage. 

Markets like Texas (San Antonio or Dallas) or North Carolina (Charlotte) could offer better cash flow with lower costs.