The car/renters/umbrella won't be with Foremost but this way you can have one agent to manage your portfolio.

My background is in construction management, so once the work begins I'll be able to facilitate the construction in a timely fashion and oversee the work that needs to be done well, but my concern is actually getting started.I'd also like to make sure I know the root cause of the foundation failure and am not sure if that would be covered in the inspection or if I'd have to have an additional consultant come out and figure out what is going on.

I was also planning to work for a property managing firm to learn the ropes of the state and local codes while continuing to invest.

I used to help manage 30+ STRs in the city with a McSwain Management.

with some commercial brokers, property management  any expert help is an advantage !

Instead of a co-host can you just get a property manager that specializes in it?

It might be wise to sell it just from a management standpoint and reposition the money into some index funds and maybe another property in NC.

Those sounds like great rentals and vacancy rates have been decent - our management team only has a handful of vacanies out of the 300+ we oversee, thankful for that.

If the repairs are manageable and you’re getting at least a 10-15% discount, it can be a great deal—but avoid properties with major structural failure or uncooperative sellers.

Managing units is work.