Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

., major systems like plumbing/electrical)Full Gut/Studs Down: $85-$120 per sq. ft.Luxury Finishes: $150+ per sq. ft.For ARV (After Repair Value), you’re absolutely right—it’s all about comparable sales ("comps").

Consider the risks vs the small reward...

Research the options available, compare their benefits and risks, and decide which approach aligns best with your goals and preferences.House hacking is a great start.

We recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

You want to focus on areas where you have a competitive advantage (you have lived there or you have family and friends there) and then compare those areas against widespread list of great areas to invest.Good luck!

Happy to share insights and compare notes!

Use AirDNA to get a better feel for what may be projected and then dive into Airbnb and compare to your competitors. 

The Northeast and Midwest are expected to be less affected by the oversupply compared to the Sun Belt and luxury properties.

I would confirm by seeing the product then going out and checking comparables in that market that have sold.