Quote from @Daniel Windingstad: Quote from @Obed Calixte: Some people have the personality, processes and systems & time to self manage, some do not.

Was the process smooth, and did the property meet your expectations?

That company, hopefully, manages a lot of similar properties to the one you are investing in.2) I can't speak to this GPs vetting process, but it is 100% the GPs responsibility.  

We have created work instructions for every step of the process so we can maintain consistency in how we evaluate properties, communicate with tenants, market our properties, handle rent increases, manage property turnover, etc..... 

You'll typically need to set up your account and get familiar with the process of working with the local housing authority.

I’m in the process of purchasing a second home in Aspen, CO, which will also serve as my first STR property.

The foreclosure process is not cheap or fast.

Most likely the new lender is going throught the foreclosure process and typically will end up taking the property back.The original posters chances of getting this property back now is slim to none as it will be sold at market value.  

At the time, I was not going to say yes to that and I began the eviction process.

So, he already had people & processes in place when he moved back to California and continued to DIY manage his rentals.- It's also interesting that he doesn't want to DIY manage anymore.