If you approach the conversation by first finding out their goals, then you can back into a strategy that will work for the both of you.

I encourage you to interview property managers to determine what their approach looks like when managing properties for an investor who does not reside in the market where the property is located. 

And are there any other skills I should focus on and develop?

It lets you focus on managing the property and getting steady income right away.

Hi Nick, welcome to the community!

First of all welcome to the BP Community. 

I've since closed down to focus on other businesses and run my own STR's. 

I'd recommend focusing on properties that have been on market over 45 days in the boroughs and over 30 days in the suburbs.

Letting Go for Your Bottom Line: A Lesson for Real Estate InvestorsHey BiggerPockets Community,If you’re a real estate investor, whether you own rental properties, flip houses, or manage syndications, there’s a critical lesson that could boost your bottom line: Letting Go.Many of us get into real estate because we want control over our financial future.

@Marc Anthony MacielIf you're diving into house hacking and multifamily investing in Southern California, you’ll want to focus on markets like Riverside, San Bernardino, Ontario, and Long Beach—areas with strong rental demand and solid appreciation potential.