I would try to take a step back and pretend to bought the property today for what you have invested and then make decisions for the best outcome.

It is your personal money (a portion of it) only after the property has paid all of its bills.Just pretend someone else owns the property.

2) How are you going to afford $ 1,083.35 monthly payments3) How are you going to repay the 100kThe Answer is...Open up Google Sheets (Excel) and pretend you're an accountant lol.

Go online for an active property and pretend you're buying it!

Goodluck.Call the prospective management company pretending to be interested in a property and ask them for a showing.This will allow you first-hand knowledge on how they screen tenants and what questions they ask.Ask to see a copy of the lease they use.Ask to see data on the average turnover cost (this is out many management companies take advantage of out of state investors).See whether they use in-house maintenance or they outsource.See what fee they charge on top of maintenance personnel.This is another area for them to make money on.

Ask them what their investments earn them (they likely don’t have a clue but will pretend they do).

It seems so easy to take advantage of an out-of-state landlord, e.g they could:- make up maintenance charges ("guest broke a chair")- lie about utilities- lie about nightly rate and keep the difference- pretend the place is vacant and do their own bookingsHow can I protect myself as a landlord?

Money is coming from far more channels at this point.But I'll play along... let's pretend Dan & Company are driving everything still.

Since the purchase prices are so low, you might be able to pay in cash and avoid a mortgage (not saying this is even YE best decision, but to keep numbers easy let’s pretend you do). 3) What are your upfront costs?

Pretend I'm in the area for 5 years.