Bottom line sub too is an advanced strategy that should only be done by Experienced investor with significant cash reserves or access to lending/like substantial LOC that already exist and can be taped at a moments notice. 

So, I've been looking at NC markets to potentially build a portfolio in advance of moving there in the future. 

Read those relevant parts and figure out how far in advance you must give eviction notice, how to handle evictions with no lease, etc.2.

@Joshua SmithI’ve thought about how to explain the fallacy of so called “velocity” so that people without advanced degrees in finance can understand it.

As far as their relation with the PM goes, the PM is the agent they used when buying the said rental, agent is local to Indianapolis, as for any form of PM agreement I do not know, it may be verbal, or they have a written agreement.Thanks in advance. 

Thanks in advance!

Some hosts also accept bank transfers, but you’ll want to ensure payments clear well in advance of their stay.

Many thanks in advance!

(Currently our rebar supplier is behind 2+ weeks and these materials were ordered 45 days in advance). 

Appreciate in advance!