Even if you break even, you will lose money every month it sits vacant, when you need repairs, property management, etc.

I know that RTR positions themselves as “turnkey” but the reality is that they are more of a hybrid model - they set you up with everything you need and facilitate relationships with lenders, insurance, property managers, and so forth - but they are not the actual service providers.

Getting a rental license as an out-of-state investor is doable, but you’ll need to manage inspections and compliance.

You are definitely going to want to get a lawyer and as soon as possible.This will sound harsh.In your story, you have made a number of very poor decisions about how you purchased and managed this property. 

I’m a Realtor and property manager in Austin and happy to help in this area!

The tenant supposedly had complained for months to the property manager that the furnace was not working.

Would love feedback from anyone with personal investing and/or property management experience in these cities.

. $215k is the offer that is falling through.It's not something we could self manage.

We manage several hundred rental properties throughout the San Diego market and I found your post very interesting. 

.- I would highly suggest you plan on using a property management company.