that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases.

Finding a deal worth pursuing is one thing but managing a renovation out of state is a different ball game.Do you have renovation funds to use outside of your down payment + closing costs?

Quote from @Donald Hatter: Pros:- Builders have many homes to sell at one time so it is easier to negotiate a better deal than with a home owner in the same neighborhood who is trying to sell their primary residence - Buyers bust out of deals all the time and builders don't like holding completed homes- Lower maintenance which leads to easier property management expenses.  

@Doug Bontragerfind a good property manager and get their opinion

At his age, it’s not like he can start investing or manage a property, so I’m trying to figure out how to nurture this interest without overwhelming him. 

Constantly manage bookkeeping and cash flow to make sure you stay on budget and/or make adjustments when (not if) things come up to stay on track.  

That leaves $335 for labor and the property manager's fees. 

Should there be any violations, you or your management company can be contacted off this list.

With a PM in place, this situation should have been managed more effectively.

If you can't manage your personal expenses and income then you need to be disciplined until you can.