I also invest out of state.The concerns you bring up are valid.

I actually decided against investing in Cumberland for the time-being so don't have any tips/advice regarding PMs and such out that way

So I then get a follow-up call.

You will need to have the full amount you’re willing to pay.

But, the self-sufficiency test for FHA loans can be really difficult in SF, meaning that the market rent from units you will not occupy must be sufficient to pay for the mortgage payment. 

For a PMC to charge a renewal fee just to write a new lease is a BS fee though. 

BTW: most owners that have hired a PMC, don't want to speak with you, much less meet with you in person to hear a hyped-up sales pitch.Also, you want to do rental arbitrage - so, you will need to be properly licensed to manage properties you do not own as required by your state & local laws.- why would an owner want to do business with someone NOT properly licensed?

Everything is handled by the booking platform.

You can only pull out 70% of the equity.

Prices in Detroit are likely to keep going up.