So when you hire that able handyman and give him keys to all of the apartments and the security codes without learning that he is 90 days out of prison for breaking and entering and committing assault and kidnapping your umbrella coverage may not help.And, these days, a million dollars of coverage will deal with the contents of a small truck that you sideswipe and it bounces around a little with the electronics inside.

Is it crazy to think I can better my cashflow situation if I reallocate the equity to a new deal?

Leasing is a specialized skill—PMs deal with this daily, making them far better equipped to handle applications, verify income, conduct background checks, and evaluate a tenant’s overall suitability.Protecting Your Investment:The cost of a bad tenant can be far greater than the cost of hiring a professional.

For example, I saw a good deal that needed work.

I hope your deal and lender can fund soon!

2️⃣ Any lessons learned or things you wish you had known before your first short sale deal?

Its hard to find deals unless you are connected, advertise a lot, cold call a lot, knock a lot, and/or work very hard at it. 

@Anthony Zotto I hope you purchased a good deal because it's time to go to work and establish a new order. 

How would you suggest going about finding a deal and managing it out of state.

If you manage to pull a smile everyday and not get emotionally attached to any client or deal, you will be a rockstar and it will be a highly rewarding career.