Utilizing the preREO strategy, a receiver (i.e. a local real estate agent or property manager who you may already have a relationship with) could be appointed to make repairs and rent out the home during the foreclosure process.

I'd recommend searching by zip and interviewing an agent or two to see who you're most comfortable with.

.: I’m currently renovating a rental property and exploring ways to manage costs without compromising on quality.

Quote from @Aldo Valeriani: Hello everyone,I’m relatively new to real estate investing, and this is my second fix-and-flip property.

Or only to properties being managed in an external Property Management function?

You do not need a separate LLC for each property or a series LLC!

I learned about them from a Rent to Retirement podcast where they interviewed a former W2 FT sales guy in tech (that's me today...) turn real estate investor.

What is the property appreciation in that market? 

@Tannia CastroWelcome to the exciting world of rental property investing, Tannia!

I think it would be beneficial to set up your own management company to manage your assets.