The barrier to entry is much lower, competition is less fierce, and the returns are often higher, especially for buy-and-hold strategies like yours.Since you’re considering investing out of state, I recommend focusing on one or two markets and really diving deep.

Hello Imanuelly,That is correct, you would need a RE attorney to handle contracts.

Interior - Recently redone black granite countertops in kitchen, but original cabinetry was simply painted white by previous owner with black accented handles.

Reviews are a significant asset, and losing them can hurt future bookings.If a PM needs access to manage bookings, update pricing, or handle guest communication, they can still do so without owning the listing.

Ask for their track record with properties similar to yours and how they navigate disruptions (like renovations) while maximizing occupancy and revenue.Communication & Problem Solving: How proactive are they in handling day-to-day issues without needing to involve you?

They hire a local management company to handle property management.  

So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.EXAMPLE: PMC states they will handle tenant screening – what does that specifically mean?

I work at a CPA firm handling bank analysis and bookkeeping for businesses.

I should have asked what didn't go according to plan and how they handled it, and what the ultimate outcome was since the brief summary of that deal just says they sold at a profit.4.

With a reliable power team by your side, you'll be well-equipped to handle the complexities of real estate transactions and achieve your goals.