Additionally, our strategic marketing highlighted the property's new features, attracting buyers quickly.

@Jagan ReddyI'm not a CPA or a cost segregation specialist, but I do know that if you are not designated as a  real estate professional, then you can only offset passive income by your passive losses.Qualifying as a real estate professional is more challenging than most people want you to think.

And since you are out of state you will need to be open to suggestion on design, size, etc.

What are some features in property management software that are absolutely vital?

BiggerPockets is full of resources designed to help you along your journey, whether you are just getting started or a seasoned investor.

BiggerPockets is full of resources designed to help you along your journey, whether you are just getting started or a seasoned investor.

Since platforms like stessa/rentredi have this feature, can you hire a property manager out of state without the service of collecting rent?

Please note the information provided below is a layman's definition designed to provide a basic understanding for the general audience.

Yes, the Poconos area is saturated but I still believe if you buy the right property in the right spot and you invest in design and amenities, you will do very well.

@Dylan S. seek advise of a CPA, but form an LLC and get a S-corp designation.