You are best speaking with an attorney about this , I am not , and taking the attorneys specific advice for your unique situation in the state that you are in . 

To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

So we have gifted nieces, nephews, family friend’s children money for their college fund, and some select charities.my son recently has talked about a few paths in a couple months: 1) green peace 2) continue formal education in Europe (he is fluent in German and has some Spanish but can pick up languages fast - he got this from my mom (skipped me)) 3) RE investor, but he does not have an understanding what it means to be an RE investor.  

They all have there unique challenges but using a PMS from the start was a good option for us.

I also have a list of referrals if you have a unique situation. 

Without knowing your unique situation, there's not much else I can advise.2.

Property selection is of utmost importance, so you are going to want to research and do your due diligence on repair and renovation cost.

My biggest advantage is that once I understand a system or process, I tend to find a niche or unique inisght that can allow me to have an advantage. 

Since tenant selection is the most time consuming and highest risk activity, that may be a compromise to get you started.

To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!