I am happy to hop on a call to share more of my local expertise and if you're still looking for professional property management, I can talk to you more about that.

Readers should seek professional advice.

Richmond is a growing market with strong tenant demand from young professionals, families, and college students, depending on the neighborhood.

I have a tax firm that specializes in working with real estate professionals/investors.

Readers should seek professional advice.

Hiring a lawyer sounds expensive, but it is way cheaper than hiring a amateur (in this case yourself) who costs you money and provides no results (and then you need to hire a professional anyway).My personal philosophy is to "do it right, or do it twice" and its way cheaper to do it right once. 

And while short-term rentals are the big draw here, there’s also growing demand for mid-term rentals from snowbirds and traveling professionals, as well as long-term housing for the increasing number of permanent residents.Yes, higher interest rates are a factor, but the strong rental demand in the Panhandle often helps offset those costs.

That may not apply to you, as a financial professional, but I thought I would share the story.Obiously you could re-lever your portfolio to bring the ROE back up, but then you have to place those borrowed funds somewhere that nets a high enough return that the portfolio is ahead, given the drag of the interest and any transaction fees.    

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

You could rent to young professionals or to families.