There are a fair number who commute from Baltimore to DC, but that number really swells as you get further south.

Here are a couple of questions you can ask.1) Do they own real estate in the market and are they actively buying2) Do they purchase or own real estate in the areas they are currently selling (in other words, would they own what they are selling)3) Do you pull permits on your jobs4) Is their PM company licensed 5) Explain how your property mgmt company is transparent with maintenance and billing your property management company (Probably most important as a non-transparent PM can bleed you)6) How does your Property Management company excel in communicating to the investor (also important as you are out of state)

The problem with my analysis is that you will bleed tons of cash for about 2 years, but if you can hang on for two years, you'll be okay!

I think my next step should be to refinance the mortgage to help slow the bleeding.

honestly, I would install carpet instead of laminate if that were my only 2 choices. the problem with laminate regardless of price is that it is made of essentially compacted fine wood fiber, like cardboard, and the edges are not sealed, because of this, generally on the butt end, any small amount of moisture will cause it to swell.

Yes some bleeding hearts will try to pass pro-tenant legislation, but don't expect an uprising.

I have to disagree with the bleeding heart conceptforgery is forgery is forgeryno matter what the transaction type is if you take a forged receipt to your favorite box store and try to pull a fast one, see how fast you end up in the clinktake it down to the police station and ask them there take on it and get them where the need to be- out of your place-now save yourself some headaches and screen your tenants betterenjoy

I think I'm trying to bleed a turnip.No, there aren't any multi-families on the market.  

There was MF debt circulating in the low 4's well after market rate loans were into the 5's that was portfolio money that just wanted to lend on MF assets in our market and was willing to do so at competitive rates. 

I want to become a landlord so my pockets can swell up too.