I wanted to point out another big advantage of CA RE that is not present in most out of state markets.  

What company have you chosen?

I think carefully about the value proposition I am offering a tenant.

be careful of those offering to do these deals and wanting commitment money up front 95% of those will be fakes and will just steal your money.. you have to realize that gap funding behind HML is by far the most risky loan anyone can make in real estate .. so u may not have many if any takers on this unless your offering a big equity upside bonus and more of a partnership.

It is all about short stay for business, professional and health care stays.Also, make sure you have a real live lease for any stay over 30 days.

@Matthew L HearnHi Matthew,The tenants are not in the way if they have a signed lease, and you do have to honor the lease once you take over the property.Once the tenant's lease expires, you can always send a letter of non renewal so that they will vacate the unit once the lease expires.Make sure you read the leases carefully and the expiration dateGino

Nope they could care less about you.

In the meantime, take care of the financial basics.

Happy to connect and send over my referrals for PM companies that will actually take care of you!

From prospective clients we get pushback....but we don't care, we just bring the property to a past client and they buy it without issue to what our fee is.