Steady pay, you can learn how to manage property and deal with people, and you'll be licensed to handle sales on the side.

He’s constantly handing out free advice, wrote the book on 1031’s and handled mine last year. 

3) If their handyman can't handle a repair issue and they have to hire outside contractors, many PMC's will then charge a markup for their time - but they don't tell you this upfront or disclose in their management contract.

Later, you could refinance, pay off the sister’s share, and potentially renovate further to add value.The big questions seem to be how to handle the mortgage so the parents aren’t stuck paying rent and whether setting up a trust or another legal structure makes sense for passing ownership smoothly.

Depreciation begins once the property is rented.It’s essential to consult with a real estate attorney to ensure compliance with local laws and to handle legal complexities.

Think an outdoor shower, fire pit, and durable, easy-to-clean furniture that can handle wear and tear.5️⃣ Special Occasion Travelers – Whether it’s a honeymoon, birthday, or anniversary, these guests are looking for a memorable, "Instagrammable" stay.

Low barrier to entry, low taxes, landlord friendly, and areas that appreciate + cash flow. 

Focus on key areas first (like floors, walls, kitchen, or bathroom), which may help you handle the costs more gradually, even if it means moving in furniture or updating fixtures down the line.Also, since the tenant left it in rough shape, be sure to document all the damage (photos, receipts) in case you decide to pursue reimbursement through their security deposit or in court.

Although it is possible to do everything 100% remote, most people I know who are self managing do come on site for a few days or weeks to meet and sort of interview the team they are building.You will need trusted cleaners, handymen, and also good recs for trades i.e. roof, plumbing, HVAC, etc.If you need home setup in most markets there are designers who will handle the whole set up for you, and I would want to interview them as well.  

People are more willing to compromise when they see you’re being fair.Know When to Get Legal Help: If she pushes back, don’t try to handle it alone.