If you do have a successful business, how did you go about finding the team or person to run your rental? 

Should I meet this person over coffee?

But Zelle is to a person.

But...As a broker, I will only issue a POF if I have personally reviewed the borrower's liquidity and can state with confidence that they have enough funds to close. 

That's more of a personal choice though.I would also keep in mind your long-term goals for REI.

We obviously handle the ones near us in-house, but hiring someone in another market to work one day a month is a bit of an odd task.My guess is that remote property management companies need to have a sort of Swiss-army-knife person in the area that can do many variable tasks for them and works on an hourly basis as there may not always be things to do, but I don't know that for a fact.How do remote/long-distance property management companies overcome the challenges of not being in the area?

Im happy to answer any questions you may have based on my personal expeirences 

I also personally got a landlord reference on him.

It would also be advisable to discuss this with an SEC attorney for both personal protection, and hopefully the sponsors are doing the same to make sure they aren't getting in trouble.The conservative answer is: be a broker-dealer and you are in the clear.  

Or did you individually rent the place to one person with one bathroom and then to two people using another shared bathroom?