If things get tricky, consulting a local attorney experienced in landlord-tenant issues can help you handle the situation properly.

Hopefully, everyone stays safe and the firefighters can get a handle on it soon.

How do you figure out who you can trust to handle your money?

Managing a property hours away can be challenging if any issues arise, but having a third-party property management company could help handle those situations and make things more manageable.I think you are in the right place to gain some insight on what would make you successful. 

@Hedman Maximus too many investors worry about DIY pennies, while losing dollars - which it seems you may be doing.Why can't you hire a PMC to handle the properties for you?

You can also connect with a realtor that is willing to handle this and future leases for you.

Here's how to handle your situation for tax purposes based on IRS guidelines:1.

If you ever decide you want a more passive approach, there are turnkey companies out there that handle everything for you.

Long-Term Wealth Building: Holding onto the property can contribute to building long-term wealth through both appreciation and rental income.Cons of Renting: Property Management: They’ll need to manage tenants, handle maintenance, and deal with potential vacancy periods.

I’ve handled almost every aspect of renovations myself—plumbing, tiling, painting, drywall, and general construction.