For STRs, properties near the beach or downtown tend to perform well.Start Small and Smart: If this is your first property, focus on something manageable.

@Alba Cheung,your property manager should have already handled this and you should not be involved.

I would also add, a contractor that you can buy materials for and they know how to put them in with little to know direction (reduces the management time of the project).

My tough today is different than my tough next week.Many new(er) investors struggle to manage their rentals well.

For FT property management, the rule of thumb is between 80 and 120 units (if they are doing everything).

Now, if she had someone she implicitly trusts to manage it, as though she were present, that might work, but the added costs would probably make the endeavor non- profitable.  

I'm a broker and property manager here in Sacramento, I manage about 100 investment properties, multifamily LTR and STR. 

I wanted something I could fix and flip for the quick capital as well as the experience of managing a project, finding contractors, etc How did you find this deal and how did you negotiate it?

Hey all - Stumbled into a new SFR net lease strategy after purchasing my first self-managed SFR in South Florida.

Hey Gabriella, as a property manager and aspiring agent you should have no problem finding a mentor.