With $150k here you’re just a little tight on budget but can make it happen if you self-manage and do your own furnishing and design.  

In previous roles, I was responsible for the asset management, capital improvement, repair, and maintenance of an ANG Fighter Base worth over $400M.

This also leads owners to ASSUME simpler is better when it comes to management contracts.

I recommend reading “Long-Distance Real Estate Investing: How to Buy, Rehab, and Manage Out-of-State Rental Properties” - I found it to be very helpful when I got started investing 2.5 years ago.

For example:How well does in-house counsel adapt to different jurisdictions, especially if we’re managing properties across multiple states?

And if you are need of MTR management services, my company, Island Stays Hawaii, provides premier STR and MTR management services.   

Your account structure depends on your goals for growth and if you plan to self-manage or hire a PM.

Sometimes, I see investors lean into property managers who know the landscape and can “drive for dollars” around the block.

I will be furnishing one side for now and leasing to a mid term rental until i get a property management company that will work the property or get it leased out to students What was the outcome?

Cash Flow Management: If you take out additional debt, it's crucial to have a plan for managing your cash flow. 4.