It is also worth noting that property management is often closer to 30% of gross rent for a short-term rental due to the much more intensive hands-on management compared to a typical 10% for long-term and as such, I agree with recommendations above that medium term rentals may provide the best of both worlds if you are able to tailor proximity to a local need, e.g. hospitals and travel nurses.Again, happy to relay my personal experiences in the area if you're interested.Best of luck,Patrick

I talked to Padsplit and they manage SFHs renting each room to different tenants - the total rent is more than renting it out to one household.

Found T&H realty services to be pretty interesting as they provide both buyer brokerage service (to help me find deals) as well as do property management i.e. they are not full turnkey provider necessarily, but reduces some of the hassle for me I guess as an out of state investor. 

After 30+ years of property management, I'd say get used to it sucks. 

I try to manage mine at $100/month/door. 

It would also be much easier to manage considering you are currently living in Arlington.

Over the years, I managed 3 offices and a 12-person team, and I got tired of bloated CRMs with monthly fees.

Your SEC attorney can help you with the details.Typically you would have one LLC that owns the properties and another LLC that acts as manager.

➡️Manage existing portfolios.

I got great value from a $200 course on how to use Quickbooks for managing SF rentals.