When I worked with a property management company, we had someone buy a unit (single family) that had a STR and marketed it as a STR.

My name is Batyr, and I’m a real estate investor specializing in co-living (PadSplit) and multi-family properties using creative finance strategies.

I'd recommend working with a good strong property manager that lives in that area that can check on them.

Once I was deployed on a submarine in the North Atlantic and they helped my wife with a 1031 exchange on the sale of a home and purchase of 2 other properties.

How will the ownership of the property be?

I'd sell the property and 1031 in to something without an HOA. 

Small multi-family properties starting at over $1M, which is pretty expensive and, resale single family (before year 2000) offer minimal cash flow (~$200-300/month).2.

I walked to the house and met a man who says he was cleaning out due to the loss of their mother in some few weeks back.The guy told me she is  left with 12 years mortgage on the property to pay the bank.

We are buying new construction in the most desired areas of the market, and buying the smaller properties in the neighborhood, not the big ones.

.: Property managers, how do you collect rent from tenants, keep your management fee, and send the remainder to the owner without it reflecting as if you received the full rental income in your bank account?