If possible find a local partner that can potentially put some skin in the game. that local partner can then become your eyes and ears on the ground2.

Also makes them put skin in the game.

Bad news is you still have to pay them to run it for you.Hope that helps navigate the seas on a surface level for your NOLA STR!

market psychology has changes dramatically , under the surface high net worth individual is asking for redemptions.

@Ariel GonzalezI would like to know how much capital, AKA, skin in the game they have.

The rent would be $550 per bedroom and the utilities would be split in 4 (all the tenants plus me).That was just a surface level analysis for that property and I was wondering If a FHA 203(k) loan would be ideal to cover for the remodeling while keeping in mind the HVAC would need replacement sooner than later.

No one has more "skin in the game" than a PMC as they have to deal with the property every day until an owner sells or fires them.Also recommend finding your own Inspector and not one referred by an agent.

On the surface, I would consider house hacking here and play the appreciation game.

Overall, trust seems more beneficial for your needs to me on the surface.

Regularly vacuum, mop, and clean surfaces in keeping mold from growing.