If he files a transfer deed to the Land Trust or if he "sells it" then property taxes increase, the change in hazard insurance becomes a tangle.I wouldn't give authority to a bank person to collect rents, file evictions, deal with repairs... there are set up costs and on-going management costs.

Or you could try to do a flip and double or triple your money in a few months then decide what to do from there.

They may decide to buy a house or get a job of high enough quality that they do a background check on them and they need to get the judgment released in order to qualify.  

Make sure you build a team of your CORE 4 in whatever state you invest in such as getting a reliable realtor, contractor, property manager, and attorney.

If you ever have any property management questions, I am always happy to help.

This approach allows for more flexibility in managing tenant relationships.

I had my fare share of financial modeling and asset management and can say I know how to analyze deals and asset manage very well.But, I was not too involved in the closing phases of the deals (lawyers, reports, debt placement, contract negotiations, parts of the DD...) so I lack knowledge in those parts, which I make up for in reading ton of materials and listening to podcasts.• After that I worked for three years as a management consultant at McKinsey where I sharpened my business acumen, problem-solving, storytelling, and presentation skills.

Some features include: list building, a CRM, marketing, task management, and much more. 

I manage large commercial and industrial properties now for my employer, I am a facilities manager for a large utility company in my area.  

You may find out you don't enjoy it at all, or that you're not good enough to manage it and can't afford a property manager.