Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

Add in community involvement any way you can.

Furthermore, this is a minor issue that shouldn't require your involvement at all. 

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

I would say for most people, the 1st position heloc is no a good bet, especially if you have a 1st mortgage rate of less than 5%.Using this strategy with a 2nd position heloc can be just as powerful, so you can have your cake and eat it too!

A lot of it has to do with location and time.If they are local owners looking at 1-2 LTR properties, I'll assist with identifying cash flowing/near cash flowing properties, assist them in the purchase as their buyers agent and assist with tenant procurement, listing, etc. but they can typically handle day to day management from there.Furnished properties, whether that be MTR or STR, are a lot more involved, as I'm sure you're aware of!

Going this route is more involved and that makes it more costly too.

I have very rarely sold a property over the last 35 years and the income properties I hold now cash flow very well with not to much effort involved.

Obviously you can maintain a stronger presence and level of involvement investing in properties near you.

Bacon is more yummy than a Christmas tree, but I bet I'm going to have a whole lot less regulation growing Christmas trees... however, before we even get to that, it's necessary to know that the inquiry is even about bacon v Christmas trees, rather than Bacon v grapes.