I highly recommend with ANY GC... call multiple reference AND double check the license/ROC number they give you. 

However, if you're managing multiple properties in different states, you might consider your home state LLC and register as a foreign entity in other states.

Purchased and renovated multiple properties on the same block, which attracted other investors to do the same. 

-which used to take 20-30 days but can now be multiple months.Yes, a good manager can help mitigate some risks, but I’ve had excellent tenants move in that I eventually evicted - life happens to good people!  

Dont' forget you can 1031 into a DST to "park" your funds if timing/consolidation is an issue, for example.I THINK you still need a Will, especially if property is across multiple states.Is your father a NYS resident? 

Also, make sure you spend the time building a solid team (agent, lender, property manager) and run the numbers through your team multiple times.

When I first started looking, I looked for a few years but just ended up buying a single family home that I currently live in and have for multiple years now.

And lastly, make sure the property management company has experience leasing and managing Section 8 properties, since there is a lot paperwork and processes, and I've seen experienced property management companies who do this stuff all the time, screw up on multiple Section 8 leases to where the tenant's packet expired because they were so incompetent.  

@Daria B.The maximum allowable non-judicial foreclosure fee for Fannie Mae in Alabama is $1,900, as of January 1, 2023.Again does not include filing costs etc but assume $3,000We have foreclosed multiple times in Alabama - it’s an easy state to foreclose in.

they are one in the same .. private money technically is someone who is not in the business of lending money and does only a loan or two a year.anyone in the bizz that does multiple loans is a HML.. rates very.. with both.