I would invest in ETF's all day over investing out of state without a property manager and on properties that need rehab.

@Bruce Lynn, while I am guessing because I don't know "most" large multifamily, I would say it is very much manager dependent and likely to become more common place as many syndicators are struggling to make their mortgage payments.Ownership companies are still run by people, and people that don't have enough money to pay their bills will start prioritizing who to pay based on the perceived risks of not paying.As for taking over any outstanding bills, that is one of many issues of the common LLC transfer.  

Managing the rehab if it’s fix and flip.

How do you keep the management straightened out to execute your cash out strategy?

It sounds cheesy, but the best way to prepare is to work with a friend or two and role-play.

If you are focusing on cash flow and only looking at deals virtually, you are likely going to get a dawg that looks like a poodle and turns out to be a yappy pomeranian who needs a lot of trips to the groomer.Have you managed apartments before?

Mostly by securing the financing and managing the project, I was able to meet all of my deadlines.

@Tianbo Li  property managers dont usually have time to takk to folks that have not yet acquired property but feel free to DM me.Each And every Section 8 office is run differently.

Our efficient project management ensured the renovations were completed on time and within budget.

We have a cash purchased SFH in Kansas City MO that we got for $75k cash, that rents for $875/mo (After management fees, taxes, and insurance, we profit $580/mo).