Here in Calif, 16-units REQUIRE BY LAW a resident manager - - check your State requirements.You could operate 15 units as rentals and use the last as office / utility space and avoid the manager issue, but at 75 minute drive, I would think you would want a PM.

There are other strategies and techniques I use but many are not available to unlicensed personnel so the above are the best strategies for her to utilize.

I've been learning as much as I can before doing my first deal and I'm exploring the possibility of utilizing a private lender.

Also, you typically won't be able to include all your closets in your loan (raising the price and having the seller pay them).

You need to work to pass through those utilities and CAM and it will perform well for you.

@Calvin Clark any utilities paid by the owner?

Another thing to consider is that whoever you use will typically be based on the house and level of rehab.

You will typically find it in the last 1/3 of the lease somewhere.2.

If you convert your home prior and decide to rent or live else where in the interim, then decide to use FHA to qualify for a new primary you can use the rental income with out restrictions of the 100 mile rule and still qualify for FHA.Their (FHA) guidelines are rigid, but with proper planning you can adhere to the guidelines and accomplish your objectives while avoiding the unintended consequences of the rules.Best practice would probably be to wait a few months after moving till utilizing your FHA loan to obtain another property.FHA does have a max of 7 financed properties including the FHA insured property (6 rentals + 1 FHA primary) so it looks like you're riding up to your max with the current of 6 financed properties.

It would still work out going either path I think, I mainly want to make sure my time is utilized the best with the overall goal of a bigger rental portfolio.