Working with a property manager will give you a lot of hands-on experience in the day-to-day of managing properties. 

You can also write off expenses such as property management, insurance, repairs, etc.

After paying a competitive rate for the property management and ASSET management that the small operator does himself.  

I have an excellent agent partner who is an MTR manager there with 24 units.

I have worked as a commercial loan officer in the past and obviously deal with lending as an investor, but as I have stated, this sort of LOC is a bit new to me.

In DFW I think there is probably some demand for STR management. 

However, after renovations, the numbers improve significantly, and the challenge lies in bridging the gap between current and future performance.Expenses typically run at a 30-50% expense ratio for mobile home parks, depending on management and infrastructure conditions.

Managed and renovated entire triplex in a newly revitalized area.

Tomas, are you self managing your Cahokia Height, IL property or are you working witha property manager? 

The key to investing out of state is finding a good property manager.