I utilize Cornell Law School's public database.https://www.law.cornell.edu/uscode/text/26/4975The language is as follows, with the specific word "between" used: (my emphasis below).

(This includes mortgage payments, taxes, insurance, utilities, HOA fees, etc. that occur during the Rehab Phase and up until the property is fully rented)= $310,000 (not including Closing and Holding Costs) Maximum Allowable OfferYour Purchase price of $250,000 is below this amount. 

It seems like these posts always lack in details so I will try to give the most information possible:Sale Price: $575k  Current rent: $6825 (this is topped out, no room to increase)Loan terms: 20% down, 20 year 5 year balloon  5.75% interestsManagement: 7%Insurance: $3200Maintenance/capex: $5000Taxes: $8900Vacancy: Using 5%Property is C class and in good condition (new furnances, roof, etc) No common areas.

This also means you will have to pay a higher rate and or cost/points due to it now being an investment property instead of just refinancing this property as a primary residence prior to leaving.This is a mortgage planning tip if you plan to bob and weave in and out of the mortgage lending products ethically while utilizing them to maximum efficiency.

I definitely understand your reluctance of turnover the responsibility for PITI payments to a PM --  but I am still curious from some owners that use a PM or from PM themselves, how common it is.

As early as the 16th century, the concept of property being held in trust by one person for the benefit of another was part of the English Common Law.

Check out Guardian Water & Power, their smart (water) meters are in the $150/ea range (not including installation, but they'll arrange for that too) and do not require any involvement by the local water utility.  

I don't know him personally but we have a lot of friends in common and everyone speaks highly of him. 

There is a lot of stuff that goes on with a real estate transaction that isn't common knowledge.

Renting), and now our rent/utilities are so small that we are able to look at using our funds for other opportunities - aka real estate investing!