(I think they charge around $110 last I looked.) 8 years later the tenant they placed is still there but I have self managed for the last 5 years as rents have climbed to $3,500. 

I currently own and self-manage two STRs in Maine and should be closing on a small 'cabin campground' with 10 cabins nearby that will also be operated as STRs. 

And most regret it.I'll make the opposite case: it is VERY hard to screw up when buying i.e. a duplex in good condition in a desirable neighborhood and either self-manages or hire a quality PM to manage.To any new investor who is reading this: In real estate cost and risk have an inverse relationship.

If a family with kids values D+ then the probably already have it, so providing smart TVs where they can log into their subscription is sufficient. 

Quote from @Dominic Mazzarella: Quote from @Cody Maxwell: I currently am building spec homes in a rural area in Colorado and have been self funding the spec builds.

@Greg P.Given your objectives, if you extrapolate your numbers it would take 97 rentals earning $300/month to return $350,000 per year.One thing to keep in mind is that not wanting to invest locally and self manage, you will also have significant property management expenses.  

I highly suggest you use our marketplaces to find trusted, investor-friendly team members: Tax Pro finder: https://www.biggerpockets.com/business/finder/tax-and-financ...Lender finder: https://www.biggerpockets.com/business/finder/lendersProperty manager finder (if you go that route and don't self manage): https://www.biggerpockets.com/business/finder/property-manag...

STR management is 20-25% (I would recommend self managing or getting a VA), since income is higher you could probably get away with 5% for maintenance / cap ex but remember you need to cover utilities and cleaning for these units which drives up costs.

Are you looking at self managing or putting into a management company?

But I had not built up my self-confidence yet.