You must thoroughly know this city and understand crime mitigation.

.- Properly / thoroughly screen the tenants, which increases the likelihood of a bad tenant and damagesNow, it can be done, but if you aren't even sure of what the industry costs are for PM services, I highly doubt you are currently skilled enough in the area to risk doing it.

But having researched it thoroughly, I found it to be the best way to venture into RE business.

Screening Tenants: Implement a thorough tenant screening process to minimize potential issues.

I still recommend it for purchasing notes, but buyer beware and check all paperwork thoroughly.

We also replaced all the carpet and pad in the bedrooms, and thoroughly cleaned the ceramic floors. 

His team includes investor-friendly realtors and thorough inspectors who ensure transparency and provide detailed reports.

I’m a broker/owner of both a general brokerage firm and property management firm.My advice is to find an agent that is thoroughly invested in you, as a client and as a person, and understands your goals.

A couple others, it takes 3-4 hours to do a thorough cleaning, so if guests checkout at 11am the window to turn around the place by 3pm is tight and if there's any unexpected cleaning, you could run into problems. 

Hey Priya, thanks for such a thorough post.