There are also online platforms that will handle managing security deposit compliance, refunds, etc. like rentable.com

If the negative cash flow is manageable and the appreciation potential is strong, it could be a smart move.On the other hand, investing out of state allows you to enter more affordable markets with strong, steady returns, helping you to build a diverse portfolio over time.

You’ll need to treat it like a business—handling tenant management, accounting, legal compliance, property maintenance, and more.That said, when done correctly, it’s a powerful tool for building wealth!

Sorry to hear your self managing isn't going as planned...finding good tenants is tricky!

She will get a nice surprise next week when I show up at her door to (a) announce that I am her new property manager and (b) notify her that I will update her information with the collection agency she's been hiding from.Screen your applications, people!

I have been following the Real Estate Investing industry for a while and just recently decided to put my focus into it and implement a plan I had in mind for years.So I went down to Puerto Vallarta I put together a team of local realtors, brokers, contractors, property managers and a lawyer. 

Build a strong team with experienced lenders, real estate agents, and property managers, and educate yourself through books and podcasts.

First things first, when assessing property managers, it is crucial to prioritize their ability to collect rent and manage delinquencies.

Doing real estate and managing other peoples money from a fund are two very distinct skillsets.

@Patrick Drury what did you think of Propertyware and Rent Manager?