Track record, a strong deal, conservative underwriting, realistic returns, good debt terms.

If it's a single family house, it should be tenant responsibility but if it's a multifamily, that's when you may need to take care of it - it depends on your lease terms and should be stated there so both landlord and tenant understand whose responsible for it.

Assess if you have enough time for tasks like tenant screening and maintenance.Expertise: Professional managers know landlord-tenant laws and property maintenance best practices.Cost vs. benefit: Weigh management fees against potential savings and efficiencies professionals might offer.Property location: Distance from your home to the property matters.Number of units: More properties increase management complexity.Stress tolerance: Consider your comfort level with tenant interactions and problem-solving.Long-term goals: Professional management can free you to focus on expanding your real estate portfolio.

I personally love Columbus in terms of doing value add.

I like the idea of short/mid term rentals more then the long term...one big reason is not having to move all of his stuff...or at least being able to take my time.

We are on year 5 of this journey and finally "feeling" the benefit from monthly cashflow.  

They deal with other clients than you, and would benefit from keeping the business consulting income if you buy it versus going to someone else with a different professional advisor setup. 

Hey @Donod Sadu - this isn't uncommon when payments are setup on auto without a definite end term. 

The 'what you get' for the money factor is highly applicable from Brookings to Astoria and licensable STR coastal vacation rentals are still regularly attainable at workable terms, Luxury and oceanfront and lakefront properties tend to perform above the 10% of valuation in gross annual income for prime coastal STR's and as an example I've seen a $2.1 Million Oceanfront home produce $300k in gross annual income.

I want cash flow, low to no long term maintanence (set it and forget it type), and the less risk the better.