I use "ClearNow" to electronically collect rents.

Then you can use an electronic tenant/landlord system to keep your costs low and possibly use the realtor who helps you buy it to interview/show the property after the sale. 

My initial thought is being able to "inspect" damage or a repair by having someone video it and send you the video, or you could watch live and ask questions.Second thought is having typical security cameras in common areas and being able to remotely review footage when someone has a complaint, at least to get a sense of what's going on.Seems like with modern technologies there should be some clever approaches that make remote management easier...Speaking of which, @Ryan Swan, there are electronic locks you can put on a door such that you can give a person a one-time code, and you get a record of exactly when they entered and left.

I love electronic devices, but I have found that they are not the best things to use in order for me to remember something.

And possibly a survey, which shows boundaries and easements and encroachments.Set up insurance, cost varies by location and value of the property.Title search, around $300Title insurance $195Title company fees: Electronic file storage $22, wire fee $15Recording deed $28 and mortgage $62State tax/stamps  $1102Tax to the circuit court $630County taxes $863.

. $700 per year-Electronic Lockbox access...... $200 per year-E&O Insurance ...... . . $700 per year-Continuing education classes..... $200 per year -Test and Study materials to get license- $500 -Brokerage fees - Depends on the broker

You are literally handing over your money to them and allowing them to manage your investment.You list your location as St.

For a low monthly fee (i.e. 3%, which could be built into rent), landlords get top-notch tenants (high credit scores, verified high income and great rental history) screened and placed into your property, and monthly electronic transfers of rent from tenant to your bank account.I'm curious whether finding good tenants is painful in Seattle, whether you pay for a leasing agent right now, and whether this service seems like a good deal to you?

Depending on the age of the house they may be hard copies, microfiche or electronic files. 

in some state you need to do this to file your income tax's electronically as well.