With technology and the right culture property management companies can be successful with a mix of local and remote team members. 

It's one of the hottest markets in the US right now with some of the fastest population and job growth and companies moving and developing here.

Think about an HVAC, storm damage, paying for housing if a tree falls on the roof, dealing with stupid insurance companies, etc.

Thus, the preREO strategy is to have a court appoint a receiver, which could be a real estate agent or property management company, to repair and rent the property during the foreclosure.

The only other question I would suggest is that you do engage a property management company to review your quad and review your monthly financials.

People have been dropped by insurance companies in wildfire areas and had to scramble to try to find insurance - some using California Fair Plan. 

Maintenance at at PM company or one of the big hedge owners like AH4R, leasing at apartment complex will teach you a lot about applications, fraud, leases, collections, evictions. 

Our company can Offer 7.5 30yr. 

A lot of my out of state real estate clients really like this market because the macroeconomics look so good for this market - population is growing, job growth is growing, and so many companies moving and developing here.

10) Knowing what to do if tenant is late on rent or doesn't pay.There's a lot more, but many here on BP self-manage and learn via "trial by fire".Of course, you can always hire a Property Management Company to handle it for you.