IMO it is necessary in competitive markets. 

With that said, San Francisco rental market it’s still a lot softer than it was before COVID.

Even that manager needs to be really hard worker and skilled in so many different areas...sales, marketing management, hiring, firing, reservations, computer skills, and more.   

Yes good markets are over saturated.

Most turn key companies do have a West coast based marketing company sell their props.

Hi Helena & Tom,Welcome to the Detroit market—it’s great to see international investors diving in!

If you go this route, consider hiring a trusted property manager local to the area who knows the market well.I have personally owned and managed a multifamily property in Illinois and after selling it I said I would never invest in that state again.

Look at their marketing strategy.

Definitely focusing on offmarket or even on market multifamily homes (minimum 4 units). started off in real estate development last 2 years but the paydays are brutal building then waiting to sell.So now looking to switch up strategies to purchase cashflowing properties and then get back to ground up construction or even possible fix and flips. 

Startup costs related to the LLC or marketing may be partially deductible in the first year, with the remainder amortized over 15 years.This post does not create a CPA-Client relationship.