To get started, connect with a knowledgeable real estate agent and lender, practice analyzing deals, and network through local investor meetups.

I’m not local, so I’m trying to get a feel for what it’s actually like making deals in this market right now.

Property Managers come in all shapes and sizes, I tend to recommend seeking a medium size local company. 

We have a local competitor that brags they don't charge a maintenance markup, yet we know:1) They charge owners $60/hour for their handyman2) How much do you think they're paying their handyman? 

Also, look up your local REIA and check Meetup dot com.

I am on the board of CFRI, the local chapter for National REIA.

I have been on New Western's deal list as well as another bigger local company and everytime I underwrite these deals there is very very minimal left on the bone let alone contingency funds for going over budget on the flip...

I want to remain local in NJ or at most drive down 1hr to PA (self-manage or, last resort, hire a PM)However, I must also consider maintaining reserves, a safety net for my primary home, and an emergency fund.It's just hard for a new investor now :(

Establishing a good local team will be crucial for you. 

Go to BUILD YOUR TEAM at the top of the screen and look for local investors or meetups in your area.