Decide if you are going to use a PM or advertise and manage it yourself. 

I was wondering if anyone knows of any reliable management companies in the Dekalb area, thank you. 

I recommend you check your numbers: If current NOI is $37K and they're asking $500K cash, your cash-on-cash return at time of closing can't be more than 7.4%, and that's assuming an all-cash purchase, ZERO CapEx, ZERO renovations and ZERO closing costs.

Either way buying it and having on site will save you time and labor costs provided it fits the space and works with the existing drain. 

On the downside, registering in NV is more complexity and cost. 

- An office for 50 agents would have been an unbelievably sunk cost.

I have a solid PM, who manages a property for us a little more south, who is not too worried about the property being in Olympia, and says that if he places quality tenants, there shouldn't be an issue.  

Cleveland is especially interesting because you can find multifamily properties at lower entry prices compared to other markets.Network locally – While connecting online is great, building relationships with local realtors, property managers, and contractors can really accelerate your success.

@Sherwin Bahai the policy cost will be higher when it is a vacant policy with a builders risk policy as compared to a traditional homeowners policy.

When I started , I was buying SFH in the midwest but found them insanely difficult to manage from NJ & decided to sell them.