Work property mgmt numbers into your analysis just to make sure it still cash flows if you want to hire it out one day.

The issue is I just made my first high salaried hire and that in itself is somewhat of a risk for us.

It is possible but you need to be aware of few things:You can't manage it yourself, meaning you would have to hire a property management company.

Simply put - hire a Property Manager as the Realtor to help you find and purchase the property. 

I do not hire out this work, for two reasons. 

When an employer in hiring mode gets flooded with resumes, somehow they have to eliminate candidates, and they do consider experience.

Hello Bigger PocketsI am new to the world of REI and am currently looking for my first deal.  I am looking for a SFH or a townhouse, preferable townhouse for lower maintenance costs, 3 beds 2 baths, 1800 sq ft, in a n...

You can save a lot of money by doing the work yourself compared to hiring a contractor but at the same point you want to make sure it is legitimate.

Hi again @Sara Taslitt, you can find some pretty good standard leases on the internet but Massachusetts is very particular with their laws so I think it is worth it to hire a good attorney to provide a lease for you.

So I think you could do a couple things. try calling from a few numbers and tell her you want to hire her first, and then explain more, need a prop manager, like the building, trying to buy the building and so on.