Quote from @Tim Halbert: I've been using Obie for several rehab projects in TN. 

You can also partner with experienced investors who have the funds but need someone to find and manage properties.

We set up our CPA, LLC, website, marketing plat forms (social media), investor (sponsors) list, I have an operation manager, acquisition manager, and myself leading the charge.

It took quite a good time (~6months) even with a property manager but finally found the renter after rent decrease by 200$.

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

There's a lot of discussion about managing a STR from a distance.

There is a ring camera system that has a job site security package as well some of my investors use for their projects do not have internet it works off cellular connection. 

I am a broker and property manager here in Clarksville, TN.

For my POH park I have a hourly PT maintenance manager who keeps our rentals in shape. 

We have about 22 full-time W2 employees in the office, approximately 40 traveling construction folks -- and managers and maintenance W2 employees at each community we own and operate.