It’s not a total renovation - just updating kitchen and master bath, and painting throughout.

Maintenance items, like paint, don't add to your basis.  

It doesn't have heat or a/c but the electrical was updated 3 years ago and the owner/occupier of the property has made a few improvements including siding, paint, wood rot replacement, electrical.

There's lots on BP, but to get you started, here's some of my old articles that hit on things related to out-of-state investing (it's all I've done from LA).Out-of-state buying options:https://www.biggerpockets.com/renewsblog/2012/12/2...Choosing markets:https://www.biggerpockets.com/renewsblog/2014/02/2...https://www.biggerpockets.com/renewsblog/2015/12/1...Running numbers (applicable to any property, but especially if you're buying for cash flow elsewhere):https://www.biggerpockets.com/renewsblog/2013/01/1...I have lots more on various topics but will leave it at that for now.

Remember when choosing a property management company or any other contracting service for that matter, CHEAPER is not always (and usually NOT) the best.  

Best of luck however you choose to divest and congratulations on your success.

Not to mention, if an individual investor was sitting on massive amounts of capital, they might choose to buy one 300-unit apartment complex instead of owning 300 SFRs that they each had to rehab, rent, and manage. 

Or if you are actually managing then maybe you choose soaps and shampoos.

Hi All,If your main goal is to invest in rental properties and retire from the corporate world in the next 5-10 years would you choose a job that pays more, is more stressful, longer hours and more one dimensional or a job that pays 20k less but is less stressful, easier commute and more transferrable to other industries?

@Craig DiSanto, if I'm choosing who to close with I always opt for Borders and Borders.