To manage risks, keep some cash saved, spread out your investments, and keep up with market moves.Good luck!

I will be closing on an investment property this month and I wanted to know if it would be best to self-manage or to higher a property management company.. 

Well, if you rolled it over to a Roth IRA where you manage it it might be better.But, if rates rise a little more, just pull from your retirement funds to cover. 

Travel Expenses: If you travel to your rental property for maintenance or management, those expenses may be deductible.4.

I have a vacant rental that I am trying to use a property manager for the first time in Sonoma County (Windsor).

The purpose would be to rent it out through a property manager just like a regular single family home.

- Expertise & Track Record: experienced team with a proven history of success- Market Knowledge & Network: local market expertise and strong industry connections- Financial Strength & Flexibility: access to capital and flexible investment structures- Operational Efficiency: effective asset management and cost control through vertically integrated property management and leveraging economies of scale- Innovative Strategies: value-add projects, portfolio diversification, distressed funds, niche markets, etc.- Technology: use of data analytics that can lead to more informed investment decisions, and integrating innovative technologies to improve operational efficiencies as well as improving tenant & investor experience- Strong Investor Relations: consistent, ongoing and transparent communication and educational opportunities for investors, including a peek behind the curtains inviting them to the office for events and internal investment committee meetings- Customer-Centric Services: customized solutions to meet specific needs and interests of various investors and full-service offerings from brokerage, property management, leasing, to funds/syndication opportunitiesWhat else did I miss?

Great for house-hacking, multi-family investing, long-term holds, and BRRRR's if you're local and able to manage contractors. 

But when I started self managing in my units in San Diego, it wasn't terribly difficult.

There is not standard as to whether Property management is included in NOI.