You don't "need" a property manager, but managing out of state would not be an easy task especially as a first-time investor.

Whether it’s for fix & flips, rentals, or larger projects, having the right funding strategy can really set the stage for success.I’m curious—how are you all managing your financing needs in today’s market?

I am leaning towards houses with basement suites in C/B neighborhoods in the larger cities here.

In a bigger city housing costs are generally higher so you'll get a larger pool of (younger) people looking for more affordable options like rent by room.

I'm also using my own VAs to manage my cold calling (communication with buyers and sellers), admin tasks, and social media.

A larger company will advertise they build them.

But when their quote for larger projects is unreasonably high, we drive down and work on things we know are labor-cost-intensive through management while waiting for contractor estimate appointments.

These areas tend to offer slightly more flexibility, and depending on the size of the property you’re looking for, you might find larger units than in Portland.Also, as Scott mentioned, increasing rents in Portland can be a slow process, especially with the 10% cap or 7% + CPI limits, whichever is lower.

I would actually think smaller, not larger.

Larger multifamily is my passion.You can see my bio by clicking on my pic .