That being said, I had competing issues. 1) my wife and I are buying a new primary residence (much to my chagrin), and 2) in december, we bought a condo rental that is currently being renovated (a much lighter project) and that process is also a little stressful.   

For a newbie investor, if you’re comfortable with the process and ready to manage the administrative side, Section 8 can be a solid option.

I wanted to be able to help educate people, especially the underserved community, about real estate, whether buying, selling, and assisting with the process of foreclosures and short sales.

Over half of my clients are remote Buyers, so I've gone through the STR transition process with lots of investors over the past few years.

Once you have a PM put it on market for rent your friend is more then welcome to go through the process with them.

Make sure it explicitly explains the process for termination if you are unhappy with their services, especially if they violate the terms of your agreement.3.

As an example, our request for rent increase that was submitted in Sep 2023 has not been processed and may never be processed.

Another example of this is Newark, extremely strict laws making land lording a second job.When finding the right area to invest, towns with more lenient land lording laws and proximity to public transportation tend to be a receipt for success.  

How has your process been going so far?

We have sold a few properties and experiencing this process from the seller's side double underlined that for me.