Again, it all depends on what you are most comfortable doing and how that aligns with your financial goals.

Are you comfortable with your rent projections? 

They can buy only commercial retail properties themselves to own directly, only invest in syndicates, or do a combination of both for their investing portfolio depending on their goals and comfort level to percentage allocations for each strategy.I am not a big fan of owning multifamily out of state especially the small stuff.

Are you comfortable sharing any details here?

However that being said I am comfortable in most areas of the city and good tenants can be found in all areas of the city .And while I’m sure we’ve all experienced horrible tenants who cost a lot of money, we can only do our best to prevent that by carefully screening and checking out everything we can before we let someone sign a lease.

@Jake Goldman Are you comfortable working with your CPA remotely?

@Sabri Isbikhene: too many people with money invest in real estate like they pick mutual funds - they do zero research and due diligence.It is YOUR money, so do YOUR OWN research until you feel comfortable investing YOUR money. 

I’ve been in construction a long time and I am very Comfortable running my own numbers.  

Question:  In our shoes.  1) Would people advise firing the PM (we have to do so 30-days before March 5th).  2) Do we have the Tenants (who we will keep, but with a lot of stipulations) fill out new application and run a background check?

A lot of these southern beach & mountain towns have been supporting STR for 75+ years, long before Airbnb was a thing, so they’re very comfortable with it and it’s a built-in part of the community.A lot of Northern places are FREAKING OUT over STRs & STR regulations & they don’t seem to be very supportive of it.