Just personally, I would never do an absentee landlord kinda thing....Too many moving parts, too much to go wrong and cuts into your profit big-time....Sentimental value is one thing, but not if you end up hating the house down the road.....Stay local, plenty of opportunities in good ole AZ.....

Being nearby allows you to stay hands-on—you can see, touch, and fully immerse yourself in the process.There’s a lot to learn, not just about managing rentals but also about overseeing property management companies.Handling tenants and maintenance can feel overwhelming at times, but starting with a property close to home gives you the opportunity to gain valuable experience.

I really would want to stay away from any office properties in depressed or even semi-depressed neighborhoods, especially large ones (like a 13 unit complex).

I do see how the knowledge could likely save me the equivalent in mistakes but none of us have a crystal ball.

We have a solid system in Quickbooks and want to stay with that for financials.

The lesson to me is jurisdictions can make the permit process to be painful, requiring tribal knowledge.

Are you looking to stay in the Jacksonville Market? 

You will never have perfect knowledge.

I have a large network plus in depth knowledge of the process to get a project like this off the ground. 

It could indicate they lack sufficient knowledge or experience in professional property management, which may lead to costly issues for you down the line.