Depending on what you are getting into, it could be fantastic, or a maintenance headache if the reason it's off market is because it has some deferred maintenance. thanks for the reference.

Get good tenants that won’t likely cause issue (background check, credit check, references, pay stubs).

What type of new construction are you referring to? 

That PM may refer a contractor though, but definitely do your DD on them. 

When I became aware I had to severely change my rental criteria from "dude, you seem ok to me" to Show me your references, job pay stubs, credit history with no R2's, ete, etc, etc,.

However, the fam member installing them for me is only a licensed HVAC contractor in FL so he's been unable to buy the units at the regular retailers that would regularly sell it to him (like Bryant, Johnstone Supply, etc).  

But I still recommend taking regular trips to anywhere you invest in out-of-state and it would be a good idea to time the next trip with when the local REIA group is meeting.

Our Realtor would frequently reference properties we were interested in as being "in the hood."

He will be required to have references and proper insurance but it's not difficult having him approved. 

I have several contractors I refer business to it really just depends on what you want done.