Are you planning on living in it?

@Juliette Olsen While this is a very personal decision based on many factors I think if you already have a decent list of contractors having previously been living in the house then you should be fine self-managing should you so choose.

In a drive able distance to where I live in South Carolina.

If you tell them you're a landlord and you own the property but aren't living in it, they should be able to quote you for liability, the house, and a much smaller amount of personal property (appliances like your fridge or stove)

See my other posts for typical renovation costs in Metro Detroit, and how to build a portfolio in Metro Detroit if you don't live locally.

I am in Honolulu this week and looked at a foreclosure condo in the towner next to me and HOA is 1300 and the building is working fine..  2 bd 2 ba 1k sq ft nice kitchen and bath just needs carpet and paint opening bid 1.3  persona losing it only had a 750k mortgage the rest is unpaid payments taxs' insurance and HOAs must have lived there 5 years or so making zero payments to anyone.

Coming at you live from Nashville, TN.

I would like to purchase long-term rentals (ideally in the Denver metro where I live) but am not sure what, if any, cash flow I could achieve. 

I’m considering getting a 4 bedroom for 130,000 but want to make sure I can live in it and rent it out.

I previously lived in Katy, TX from 2018 to 2020 and observed significant growth in the suburbs.