You can cash out not more than 70% of appraisal value or purchase price whichever is less within 6 month of purchase.

We hired on contract the logger.. ( we never owned anything but pick up truck and cell phone) the logger delivered said log to mill...

@Dan Brewer I am always open to talk to people :-)  I answer my cell phone, or call people back. 

Hard money will give you usually 65% LTV or 80% purchase price, whichever is less, depending on the lender.  

As Kristen said best to do your homework and referrals help, however I'd say actually interviewing a few property managers would be your best bet and whichever one you get the best feel from and in your opinion will be the best fit for you is the one I'd go with.There's plenty who've been doing it for years but do not put an emphasis on customer service to tenants etc and are just check collectors - others will be more hands on.

Saw a post yesterday where a guy's plumber has pulled a cell phone case out of his tenant's toilet. 

@Virginia Reasor - Ask your Title Company to provide you with CD (Closing Disclosure) or HUD1, which ever they are using.  

No idea what the SOL may be there, in which ever state.

When I started my goal was to set aside $10k or 1 year of vacancy+expenses, whichever was higher.

Most homeowners know that selling a home takes paperwork, heck try getting cell phone or cable service with a one-page agreement!