There's so much to learn about this industry.Yes there is, and you can begin by checking out a free course on line, the agency relationships are explained.

There are online mortgage calculators or you can build an excel spreadsheet.  

Hopefully you bought a property that will attract better tenant than you just got rid of I saw on line yesterday a neat device it has a strong pulsing light followed by military grade pepper spray.. and ergonomically built so joggers can hold it while they jog.

. $20 or less for an online credit report is worth it's weight, and more, in gold.

For the Valley example, the 2016 new rentals coming online are 3100 and almost 4 times 2015.

In terms of hiring a property manager, many property managers are fine managing just 1 property (and since you typically pay a percentage of rent it really shouldn't matter to you).If you want to manage it yourself there are a handful of online landlord / property management software's you could use and access your account anywhere with internet access.You will still need someone (either a friend, or, at a minimum, vendors) you can count on locally to deal with any issues that arise when you are out-of-town.

You're lucky, you must have power to be on line!

I'm in the process right now of making my lease which is going pretty good in which stuff is mandatory like online payments.  

@Jordan Hanksion Having been in your position exactly, I did all the research I could online - long distance etc, but eventually had to get on a plane and go meet with the boots on the ground and vet the possibilities with my own eyes.

I pulled the documents (yay my county and its online property records) and the forgivable mortgage appears to be in 2nd position.