I live in Lebanon, IL and this property is also in Saint Clair County in Belleville.I plan on managing this at first, but want to build a proper amount into my budget.What would you recommend for budgeting for in terms of good property management in this area?

.- Full time maintenance, reservations, cleaning staff- Additional marketing budgets and resources.This is a brief list but a good PM can make more revenue than you can and can offset their fee. 

Hey Kaleb I’ll leave the market research to you, but ultimately, it’s going to come down to your budget, cash flow, and level of experience.

If in your shoes, I'd be sorting my marketing strategy, and jazzy ways to do my frunishings, marketing budget, how to Gorilla the hell out of it.

An extremely detailed scope of work along with an extremely detailed contract, are the keys to a project that is going to finish on schedule and on budget, without surprises. 

If you came to me with an unlimited budget and asked me the most desirable place to live on Earth, my response would be Malibu or the Pacific Palisades. 

One key lesson was the importance of precise budgeting and renovation timelines.

Everyone needs to run their own numbers and not take the wholesaler's price opinion or rehab budget.

Eliminate debt, establish a budget, and save.

Hard money is expensive.Some questions to ask yourself to assess risk:Do you have access to a reliable contractor who can complete the work on time and stick within a budget?