If it is to have a cash flow type investment, I doubt this would work, but if it is to hold and rent (and to use occasionally), it has a potential to break even and pay for itself.

I currently have a few rental properties and I do the occasional flip (but it can't hurt to add more cash flow with wholesaling).

But occasionally I have a suggestion for an enhancement that I think would make it even better.

Even if you hire a property manager, it's nice to be able to drive by occasionally to check up, and West Warwick would add at least a half hour each way compared to, say, Pawtucket or North Providence.Hope this helps!

I'm investing with the Holton Wise group up in Parma, in the Cleveland area.Closing one one deal hopefully this week, and looking at another soon.My work takes me to Cleveland occasionally, and each time I'm more and more impressed with the area.Give Nicholas Varner a call at Holton Wise.

Occasionally, I might flip a property instead of rent it.Any advice on alternative sources of funding and how to find them would be appreciated.

I thought I was getting a good deal when they offered 6% of income and I negotiated down to 5%.Now I am being nickeled and dimed to death, dealing with a very disorganized company, terrible marketing strategy which result in 5 months (cumulatively between teo properties) and poor decisions being made from the property management company to solve tenants problems costing more money than it should.Needless to say, very poor experience and I am less than pleased.Before hiring this company I was managing them myself from in the area and didn't have many issues other than dealing with an older home with the occasional call to the handyman when my time was spread thin and honestly felt like it was possible to do from afar but didn't want to risk issues down the road and wanted a TRULY passive experience.Here is my current situation:I live in chicagoTwo single family rentals in Wisconsin One condo rental in chicagoOne single family rental in Louisville KYWorking on another rental in chicago currently Is it worth it to hire someone near me to manage from afar and develop contacts such as a handy man in the respective areas to manage?

We occasionally, get tempted by Spokane.  

She will go look at houses with me an occasionally helps with rehab work, but in general it just isn't her thing.I believe that she is skeptical for a number of reasons.

Just to give an short term rental owner point since there is a lot of fact-less, miss information, emotional and fear driven arguments going around.As a short term rental owner we abide by the current ordinances and laws (yes even parking), pay all the appropriate taxes btw yes we do pay state and local occupancy taxes just like hotels do also, we also actually pay about triple the property taxes that a normal home owner does for the “privilege of renting our own property”, we take better care of our properties than most property owners around us, clean and maintain our properties weekly, we screen the people we put in our propeties also (my felony neighbor that moved in next to me I have no control over btw).We have systems in place to monitor our propeties 24/7 like video and in fact have even had other neighbors come to us asking for our help and video coverage for unrelated issues on their property.We actually enjoy meeting the different people that stay in our properties and even had a CBS reality show filmed at one of our properties recently.As an owner the only real negative experience I have had is from the folks that think they have to right to tell me what to do with my property.Do we have an occasional guest that thinks they don’t need to follow the rules of course but we handle it just like I would think you of any guest that comes in your home.