Very rarely do single family homes cash flow, at least not on a consistent basis over an extended period of time regardless of what your spreadsheet may suggest.

We obviously handle the ones near us in-house, but hiring someone in another market to work one day a month is a bit of an odd task.My guess is that remote property management companies need to have a sort of Swiss-army-knife person in the area that can do many variable tasks for them and works on an hourly basis as there may not always be things to do, but I don't know that for a fact.How do remote/long-distance property management companies overcome the challenges of not being in the area?

The master bathroom is still working, but I presume for some reason the kid in the master bath wouldn't share.I was doing all I could to get the contractor to finish the job on a weekly basis.

I'm looking at a lakefront cabin property in Connecticut that is currently only rented on a seasonal basis (May-September).

I help investors do this everyday.  

I generally place my value on being a true on the ground resource, for my clients not only to go to areas or properties, but that I live every day in one of the most investor focused areas, and continue to work to stay in front of the market both on sales and on rents.  

Hey Dina, The extensive repairs discovered during inspection could ultimately provide a tax benefit by increasing the depreciable basis of the property.

I typically am on site every day during a rehab.  

In my opinion they're really only good for when you're ready to hang up the spurs, and your inheritors don't want the hard assets, so you keep the deferment rolling until you get a stepped up basis at death. 

This data is for Allegheny County only and is tracked on a weekly basis.