It can be really time consuming to self-manage a property (the average self-manager spends 8 hours a week doing so), and if a manager is able to provide a guaranteed rental income without charging a commission fee, it often makes sense to pass off the work to someone else.Where is your vacation condo, and have you been happy with your current management situation? 

I have a small contractor company here in Charlotte and we have done many projects for consumers and investors here in the local area.

If a consumer reporting agency, or, in some cases, a user of consumer reports or a furnisher of information to a consumer reporting agency violates the FCRA, you may be able to sue in state or federal court."

This has been a great learning point for me.Special thanks to @Jon Holdman for really laying out the numbers for us in an easy to consume fashion.Jon,A couple up question: 1.)  

I saw that on a recent visit there, and I thought that would be good for a rental, but I am not sure what the cost is for the actual individual tiles and then placing them by hand (obviously more time consuming). 

Real estate agents, mortgage lenders, title companies and escrow companies are familiar with harried changes to the HUD-1 closing statement and to mortgage documents, which changes often lead to aggravating delays and additional costs.As of August 1, 2015 our closing table dramas are scheduled to come to an end.The Real Estate Settlement Procedures Act (RESPA), Federal legislation enacted in 1974 to protect consumers from unscrupulous and confusing real estate practices, is changing in several significant ways.

We use a PO Box quite often, but I totally understand what you mean - it can be time-consuming waiting for the check in the mail.

Moreover, consumer debt levels seem to be manageable.

Make sure you do an apples-to-apples when comparing any form of active investing to passive investing and you will probably find that the money really consumes 80% of the value in the situation most times and the labor consumes the remaining 20%.  

These loans are not intended to be used for consumer purposes.Experienced investors use Hard Money/Private Lenders to fund acquisition and rehab projects because the process is quick.