Start with something that needs light to no rehab, get a tenant in there and understand how to manage a property and the true cost of ownership.

House hacking will also give you some personal "property management" experience.

However when he retires and I need a new manager, is there someone who may work for 5% or flat rates when he needs to meet with me or tenants,  and be a part time manager as I have decribed above?

I am helping some clients of mine rent out (1-6 months at a time) a condo they have on the beach in New Smyrna.  It's fully furnished and they like the idea of doing a medium term rental.  Does anyone know where I can...

I am in similar boat as Carolyn, starting out in Detroit and looking for recommendations and contacts of realtors, property managers, insurance agents.

Call agents locally that are doing 25-30+ deals a year and also property managers..

.- Low operational cost- Good seasonality markets- Should be easier to operationalize service via property managers remotely.What are some of the strategies that have worked?

I also have experience managing remodels, contractors, subs etc and have even taken some community college trades courses (framing etc) so I have some basic trades knowledge.

Also, there's less turnover so it's easier to self-manage. 

if you have mba, you better pursue a management position in Nvidia, Microsoft, Blackrock, or a consulting management company.There's not big money to make in RE using a professional degree.