Be prepared to Skype and over produce documentation showing you are, who you are.

I am hoping this will attract families which would like to stay and rent for longer term.

at this site i have found so much info that i find it hard not to be here and learning more....ultimately, i would like to have several properties that produce cash flow, and allow me to be able to not worry about how to make a deal and do it with confidence... i would also like to have multifamily units along with the single family homes, and the start to that is this home, even though at this this time there is no cash flow from it and may not be for a couple of years, but, no-the-less its a start...thanks 

Putting money into an apartment that's not producing full rent doesn't make lots of sense to me.RR 

The obvious is list it with a Realtor, but are there any different approaches that seem to be working.Though about just putting it on the MLS myself, I think you can pay a fee, and have it listed there without going through a Realtor.My goal is price it attractively a little below market, and try and get a quick sale. 

Besides buy and hold, do you see any other strategies that can produce cashflow? 

I know that it would be more attractive to building a stone castle, but what I'm going for is cashflow. 

Again, the expensive communities attract buyers that want something nice - not a project!

We have a property manager who bleeds us and produces zero results.

@Adam Rothweiler Sounds like your making the transition from SFR to commercial so the likely 1st purchase would be a smaller building that will likely attract mom & pop businesses.Most folks don't go from SFR to a plaza with a grocery store as the anchor.When you are screening the mom & pop businesses there is no reason not to run a credit and criminal check on the owners themselves.