Self-managing either an Airbnb or long-term rental from out-of-state would be tough, as you never know when an emergency will come up. 

Accessible through a link in his Linked in profile is the Emergency Business Relief( Link ), which claims to have recovered “over $300 million for clients,” through various Covid-19 and other government programs.

@Erick HenningsHouston's emerging neighborhoods include East End, Third Ward, Heights, Spring Branch, Independence Heights, Alief, Cypress, Pearland, Richmond/Rosenberg, and Conroe/Woodlands.

Unfortunately, you may have a hard time enforcing anything about "guests" unless policy/procedures are outlined in your lease.  

Jeff makes up repeated excuses and strange reasons as to why he can't/won't pay (i.e. family emergency, bank is rejecting wires, software/website is buggy, telling investors to go "f*ck their mother").I'm in a group with 30 other investors who were also scammed by him. 

Yes, getting sued is a risk factor and I've been involved with frivolous lawsuits which are not fun, but in my opinion you'd be in a much better spot owning a property in your personal name that let's you keep an extra 10-20% of the purchase price in your pocket as emergency funds, as opposed to buying the loan under an LLC that requires every last penny you might have to make the higher down payment, then you have to operate on a shoestring.

Ensure you have an emergency fund for vacancies or repairs and verify market trends to confirm the investment supports your long-term financial plan.This post does not create a CPA-Client relationship.

@Keonhee ChoFocus on emerging submarkets like areas outside Austin, like Round Rock, Hutto, or even Killeen.

You could ask them to just monitor your wallet to ensure sufficient funds, but then they'd have to trust your security policy and procedures are at least as good as the exchanges.  

However, they fail to understand that almost 50% of Americans including those who pay in the $1200 and up for rent don't have more than a couple thousands of dollars saved up.https://www.forbes.com/sites/maggiemcgrath/2016/01/06/63-of-americans-dont-have-enough-savings-to-cover-a-500-emergency/#14af5aba4e0dAlso, it is not sound advice at least in my opinion to tell one to lose money on cash flow for years based on speculation.