They will likely have an edge over you due to their local expertise, relationships and physical presence. 

Don't forget RE isn't a 3 year hold...10 years (less with other benefits from above included) is not a long period of time with a physical asset.

Physically collect all of the security deposits, advanced rents, keys, and any other items.5.

The main issue here is that you had to send a physical check to a "new address" to return the deposit.

Right now (Q3 2024) everything seems overbanked/overbought.Currently, my focus has been purposely broad but currently split between: A) SF business (wholesaling/rehab) I was asked to take over (on almost no notice – am still badly catching up) and B) Small balance MF and mobile/manufactured housing (<~50-100 units for physical/operational value add)I have made some progress on each but not where I would like to be although I have just recently gotten involved in the sub-institutional space again.

Must have good physical and deeded access, no wetlands, not much slope, no flips from other wholesalers.

I do all of the work except for contract review by broker and they pay for the pm software and overhead of having a physical location for the brokerage (although rents collected and owner payments are all done online).

Hello,I own a physical rental property.

I FHA'ed the building and I am technically live there but in my unit I am doing a gut rehab so I am not physically living there. 

Often, units that are sitting on grade will see deterioration of the cooling fins, due to animal urine or other contaminants, and physical damage, both of which affect performance.