Set up a basic system to manage your listing, update it monthly, and always ask guests for feedback—and don’t forget to casually ask for that 5-star review!

I'm certainly cognizant of the risks of managing a property remotely (my wife and I did rent out our Chicagoland house for a couple years while living in STL).

I don't want to bite off more than we can chew with managing a full reno while we learn the ropes. 

To rent the home, I would lose about $2,500 per month (based on comparable rents in my area, property management fees, etc).Both options loose the same amount by roughly 2 years, and by this time, I still will not have built up much more equity in the home to make selling it a break even unless there is price appreciation by then.My dilemma is this: I speculate that my home will not appreciate much in the next 3-5 years due to the rapid pace of development in the surrounding area.In 5-10+ years, maybe, but by then I'll have bled $150,000 - $300,000.I have thought about this a lot and feel that I mar'-too close to the problem to see the best solution.

@Alison EvansI could not imagine managing 48 doors!

We find off market deals through out property management clients How did you finance this deal?

Was it for a place to live for work before they found a permanent location or was it used for someone wanting to stay in the area as a 2nd home for the winter months?

Hi all,I'm looking for recommendations for a property manager for my 8-unit apartment building in Cullman, AL.

In a market like Kansas City you can get $150 per month cash flow on average with the right multifamily property and right location.

@Jeremy H Barton - I'm an investor, flipper, and property management owner.