No dealing with tenants or long-term property management.

Congrats @Emily Pena - I'm also an agent (working mostly with investors), property manager and an investor myself (currently owning 26 rental units). 

They work well in areas with steady rental demand like suburban neighborhoods or cities with strong job markets​​.Considerations: Your property management needs will be lower, but rents may rise more slowly over time compared to short-term options.Short-Term Rentals: High Risk, High RewardAdvantages: Short-term rentals can generate significantly higher nightly rates, especially in vacation destinations.

Building a solid team (agent, property manager, lender) is key.

. // Differences in Control & Management TIC: All owners collectively manage the property, often requiring group decisions on maintenance and sales.

I understand Philadelphia requires a local property manager. 

I've researched some of the property managers in the area but can't seem to find much information on them.

We don't directly manage properties.

If you feel like you’re managing your property manager, it’s a strong sign that the manager may not be the right fit.

Quote from @Duane Williams: We’re a family-owned fix-and-flip company operating in San Antonio, TX, and Northern Virginia, managing everything in-house—from wholesale acquisitions to rehab & construction (with our own project managers and crews) to listing & selling through our licensed brokerage.