It depends on the location of the rental and the specific state and local laws and license required.

You'll need a reliable network of local professionals (plumbers, electricians, handymen) you can trust.Hiring a Property Manager:Peace of Mind: They handle day-to-day operations, tenant communications, and legal compliance.Local Expertise: They understand the local market trends and rental laws in Colorado Springs.Cost: While there’s a fee, many find it worth the reduction in stress and time commitment.Lessons Learned from ExperienceBuild a Strong Local Team: Even if you manage the property yourself, having a dependable local handyman and a real estate attorney can save you headaches.Leverage Technology: Utilize property management software for rent collection, maintenance requests, and tenant screening.

His attorney said in order to provide a clear title, the seller would have to hire a law firm that was willing/able to do extensive research into heirs, and get them to sign off/away any rights they might have.  

Texas is a hub for investors due to affordable housing, high demand for rental properties, and favorable landlord laws.

They are also frowned upon by the title underwriters.These types of investment strategies should only be pursued by seasoned investors that have done them a few dozen times or in close cooperation with a law and title office that knows these systems.Be safe out there guys Alan

I don't think most of them know anything about landlord-tenant laws which varies by city in the Bay Area.

CA is a very difficult state to be a landlord in and there is a high likelihood that the PM was doing there best to save you from the headache of CA laws. 

Purchase price: $80,000 Cash invested: $25,000 I helped my father-in law convert his LTR to a STR recently (he's owned it for forever, but we wanted to see if we could increase the revenue by switching strategies and updating it).

My practice area is estate and trust based planning for individuals and businesses.

Be very cognizant of the STR and HOA laws and codes wherever you plan to do this.