How would you suggest going about finding a deal and managing it out of state.

From there, you have to decide whether you want to be a landlord or hire a property manager.

At the time QB was not the best for property management.

Congrats @Emily Pena - I'm also an agent (working mostly with investors), property manager and an investor myself (currently owning 26 rental units). 

For small MFH/SFH you have to find the deal, inspect, estimates and decide what to do, make a deal, get financing, get contractors, manage contractors, pay contractors, then turn it over to a property manager.

Madison Management out of reno is who we use who ironically used to be in Morristown NJ

My wife and I come from a manufacturing leadership and project management background.

Use Series LLC to handle management activities, including collecting rent and signing leases.

My basic underwriting making some standard assumptions on HOA expenses, 20% down, 7% interest rate, 30 year mortgage, utilities, supplies, and maintenance costs shows a loss of about $22k per year if you are self managing.

I manage around 400 rentals with 14 years of experience and have never been sued once.