The rationale behind this process is that this gives us a good cash flow for a long period of time before having to find and place another tenant, a process which can be costly and time-consuming in some markets. 

I find tenant placement much more time consuming than managing, so placement is where I would go first.If (when) I decide to hire a property manager, I would pass everything over to them.

It is so important to understand the rules and pitfalls, it can be so expensive and time consuming to make an ignorant mistake and end up in court.

Be careful of the scarcity mindset agents who will ask for a monthly retainer to work with investors, "because writing a lot of low ball offers is time consuming with a small acceptance rate."

What the average consumer is completely oblivious to is that after 2 yrs of homesteading a property, they generally don't have to pay capital gains tax on their net at closing in home appreciation, from what they bought the property for and what they sell it for in FL.

My 2 cents is to just find a skip tracing service, and a source to get lists from(taxes owed, code violations, out of state owners etc) this is much more effective and less time consuming.

I invested a lot of money and I was so consumed with tenants, contractors, lawyers, agents, etc. that I never factored in my daily wellbeing.

Go to the NMLS consumer portal and look his name up and see what you find.

Those who've been willing to mentor, have often been disappointed by all of their time and effort having been wasted, because that person doesn't follow through.2.

Chasing references can be time consuming, so if the credit history does not meet muster, we save ourselves time.