Quote from @Daniel Windingstad: Quote from @Obed Calixte: Some people have the personality, processes and systems & time to self manage, some do not.

If the person stops making payments, they alas,  have to foreclose.

I warn people over and over and over to know what they are buying and to go personally see what they are buying. 

I personally haven't sent postcards, I've had good luck with PPC and Video ads. 

Personally, I would not keep a rental that is not expected to cash flow. 

For instance, said property manager manages maintenance issues, problems that arise during bookings, basically anything that needs a physical person at the property, while I manage the rest?

they're not magic.are you going to in-person / informal meetups? 

I do have an agent I know personally but she's only in the area at certain times of the year.Section 8 would be better than nothing.

@Jerry Chilimidos I am not a CPA owever my understanding is any loans to your IRA can not be personally guaranteed.

It can come from a personal investor who will negotiate terms, or potentially a piece of the equity.