Thank you again for your response and insight.I have most luck utilizing the local MLS for minimum 6 month leases under furnished rentals  

@Kris Lou Many factors go into PMC pricing:1) Locality (city/state)2) Neighborhood & Property Class (time to manage Class A < Class B < Class C < Class D)3) Property condition (slumlord properties hard to manage)4) Number of units (some economies of scale, but not as much as owners think)5) Owner expectations (some owners really want a personal assistant!)

Quote from @Keira Hamilton: Quote from @John Mason: @Keira Hamilton  very detailed and inspiring write up, thanks so much for the information it gave me some new ideasGlad it was helpful!

Are you local to Richmond? 

Or his investment/local area. 

If you're located in WI, check out Premier Point Realty and Homestead Realty....both offer the licensing course at a discount and some of the lowest fees/commission splits in our local market.

I want to remain local in NJ or at most drive down 1hr to PA (self-manage or, last resort, hire a PM)However, I must also consider maintaining reserves, a safety net for my primary home, and an emergency fund.It's just hard for a new investor now :(

Go to BUILD YOUR TEAM at the top of the screen and look for local investors or meetups in your area.

Regulations & Compliance: What's the best way to research local STR laws and avoid potential regulatory issues?

Granted there is a cost in hiring an agent, Having someone analyze each deal with localized knowledge is worth its weight in gold.