As Min Zhang suggested, making sure you have a reliable property management company is key and can ensure you aren't dedicating any extra time to taking care of this asset when you already have a job with demanding hours.

@Evan PolaskiArrived homes is an example of a company that does this.

Some companies will do 2.5x in rent, but I personally do not find that is enough, because we are not doing debt to income, we're just looking at their income.

Also maybe connect to Property Management companies if you are not self managing it.

HI @Nasi K.I would check with your realtor who helped you or the title company you closed at.

BP just started a Community called PassivePockets (full disclosure, they started it through acquiring my company Left Field Investors) - and the mission of the Community is to help LP investors learn and grow together. 

I am looking to invest in C+/B- areas for cash flow in Detroit.Last market which did not work out was Denver-everything is extremely expensive with little to no cash flow and minimal opportunity to value add and even with that little to no return.I picked Detroit cause I lived there for several years and still have family in Metro Detroit so make a trip there every year.Any thoughts on TurnKey companies that find wholesale deals, potentially help with rehab and also have PM's to manage?

Hello everyone,My Canadian company owns a residential property in California and I want to sell it to my own personal name as I am closing my company.I don't know which professional to consult to help me do the transfer besides my CPA.Can I do the transfer of the deed myself (going to the County Recorder’s Office) and just check with my CPA for taxes due?

You get to rent to professionals who are less likely to trash your property, you get to charge a higher rent than long term, and you're being paid by large, 3rd party companies that are extremely unlikely to not pay rent.

I did not call the insurance adjustor yet because I wanted to fix the roof asap because its been raining every day3) Since they switched the insurances on me after the hurricane, I will be asking the insurance that held the coverage during the hurricane to replace the roof (if I go that route), is there a time frame where the insurance company will refuse to cover and say that they wont cover because it was too long ago?