This ensures that any payout for damage or liability can be processed more smoothly, and it can help protect your interests if something happens on the property. 

From my research, it seems that the best way is to ensure the end buyer's funds are at title in escrow (with the clear to close) before you approve the release of your funds.

If you’re set on condos, ensure you’re targeting areas with strong rental demand and minimal HOA restrictions.Regarding an LLC, it’s great for liability protection, but it won’t necessarily give you tax benefits unless structured strategically.

I would restate that the lease will remain in place until such time that a new tenant is selected and moves into the property.This approach will ensure your cash flow while acknowledging that 'stuff happens.' 

Just ensure any updates comply with Pennsylvania laws and are handled transparently.

While their services may seem expensive, they can save you money by maximizing deductions and ensuring compliance with tax laws.

Quote from @Kyle Carter: What are some questions that you can ask to each of the required team members(PM, Agent, etc. ) to ensure that goals align and they are best fit.  

Keep an eye on those delinquency rates and ensure that the property manager is proactive in rent collection.Maintaining open lines of communication with property managers is also part of the process.

Step 1: Ensure you can get financing (is it a cash purchase or will you need a loan). 

It's not about being nit-picky—it’s about ensuring the property is safe for residents.