I don't currently have any investment properties, but will likely work with a turn-key property managment in the Memphis/Little Rock area.My goal is to build a good cash-flow portfolio to ease into retirement. 

They can take time with their search and be more selective about a property’s location and condition.

I was talking about your Realtor vs Property Manager, here Realtors doing property management need a separate property management license 

So, make sure YOU understand the copy & paste info below:Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

It is surprisingly easy to manage out of state and if you want more tips on how, check out Bigger Pockets book "30 Day Stay" on Mid Term Rentals. 

With rehabs you want to know enough about how houses work to manage the tradespeople.

We provide everything you need to build generational wealth under one roof—property management, construction, experienced agents, and connections to top lenders.

Each one has been a step up as far as space, location, and lay-out.

Firstly, it often generates higher rental income compared to long-term leases, particularly in desirable locations or during peak seasons.

Unit was rented by some one who was the manager for a about a year and then gave over managing to me.