Hi, I am buying a new rental property out of state and will be relying heavily on a property management to run daily operations for me.There are tenants already in the property and a property manager in place that the seller is currently using.Should I just continue with the same management company (considering the tenants are familiar with them) or use my agent as the new property manager (since he knows the property well and I have worked with him closely for a month now) or look for a completely fresh property management .Can someone please help me understand what’s the best thing to go with??

I bet half to 3/4 of the people who read this thread wonder what in the hell you are talking about :D .

I’m from Louisville and my wife’s family operates a brokerage down in Miami.

You choose to operate as a professional business or as a hobby.

Mark,Your best bet would be to look for a private lender, I'm not aware of any institutional lenders offering non-recourse financing to retirement accounts outside of the US.

I bet you could get cash flow if you bought a large lot single family and built a separate "accessory unit" cottage in the back yard or converted the garage to a rental.

The operational team is also very seasoned by background but I’ll meet the key managers in person on my visit.

I'm happy to leave that to a bigger operation.

Own a commercial building in the Greater Toronto Area where I operate my business out of and renting out the other half (freehold building split into two) I also own 2 condos in Calgary that aren’t doing so well.I’m looking for opportunities to invest across Canada to buy and hold for rental income.

One neighbor recently bought a barn type building that I bet he spent >$90k on rehab/septic/landscaping then another $35k for foreshore reclamation.