This can put a significant strain on your finances and cash flowThey also often require a large down payment themselves and may have a strict repayment schedule that can be difficult to meet, especially if there are unforeseen circumstances or delays in renting the property or generating income from itIn addition, relying on this type of loan may expose you to higher financial stress and the possibility of default if you are unable to meet your loan obligationsThe final decision depends on your overall financial situation, risk tolerance, and your ability to manage the associated costs and obligations

@Andreas Mathews admirable, but make sure you do some research so you understand what a PM can make.Starting your own PMC business will require 75-150 doors to make a decent living, depending on gross rents and your fee structre.Working for a SFR PMC as a PM, will require a RE license and you usually get paid a percentage of the gross rents the portfolio of owners/properties you manage generates.

Servicing tasks can be outsourced to administrative assistance and new agents.If you have trouble with time management make this a daily habit.

But after a flip, you will probably sit on the market for a while depending on the location approximate nearest city. 

It is surprisingly easy to manage out of state and if you want more tips on how, check out Bigger Pockets book "30 Day Stay" on Mid Term Rentals. 

Leverage will be reduced from the max available, reserve requirements increased and, typically, you would be required to use a professional property manager.

Contact me PlzPS - Since 2003, Dean & DeWitt Property Management has helped investors buy, sell, and manage investment properties in the St.

Materials will be about the same, but labor may vary greatly on location.

Check with some of the people that commented here about the specific location.  

I currently manage a portfolio of 17 STRs, some are mine, but a majority for other owners.