(or if they're primary buyers, they don't care about yield, since they're going to live there.)i just went to visit two very distressed properties yesterday that i would buy.... if they were priced 50% lower.  

By carefully managing the scope and cost of renovations, you can maximize the return on your investment.3.

For the few years tenants have been there the interior of their unit looked well kept, so they seem to take care of it. 

That's how you care for your friends and family. 

However, you have to be extremely careful financing 100% of the transaction as you still need reserves, closing costs, etc. and make sure it cash flows.You didn't mention if this would be a rental or owner occupied. 

Can't say for sure, but I'd be careful.

These days as you mention with STR almost everything can be handled remotely...cleaning, painting, locksmith, yard care, even drive by pictures of the house occasionally or internal pictures too. 

This is the list to not invest in without extreme careful attention to detail.Don't go where the masses are going.

Since you won't be close to the property, a PM will help you take care of everything from far away.

My suggestion would be to select someone with the most forum posts or most reviews.