I don't know what I'd do if I didn't have a place to help me keep my knowledge in check. :) 

You want your clients to keep coming back to you.

To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

Additionally, keep in mind if you do this in a Roth then there are NO taxes on the appreciation, rental income or profits when the Roth liquidates the asset. 

Keep existing building ($850K appraisal) and build an DADU 2.

Keep in mind that inexpensive properties are inexpensive because they are less desirable properties in less desirable areas and attract less desirable tenants.

Everyone in here seems to keep asking for someone that has done it, here is a video of someone that did get the check!

Please keep those posts in the Classifieds forum.Need a spreadsheet or form?

Also, keep an eye on direct mail campaigns; reaching out to out-of-state owners can yield great results. 

In our area, the housing authority does annual inspections to (mostly making sure the landlord is keeping up the units) review the tenant and the landlord.