The key is to make it as simple as possible for you to understand.

It also stated independent contractor makes it simple and inexpensive.

To keep things simple, we will say I am renting out both units on the property and it nets me $3,000/month and ignore expenses.

Her nephew has her sign a simple piece of paper promising to “take care of the property” and she basically gives this nephew hundreds of thousands of dollars.

To keep it simple, I won't include reserve amounts or rehab costs.

By comparison, it's simple and straightforward to buy real Estate with financing.

They don't want you to buy a terrible property they won't be able to successfully manage for you.So, are you planning to DIY manage or hire a PMC?

I'm in the process of fixing our current property management and DIY, we are put of state so my plan is to create a spread sheet with all kinds of vendors to have easily at hand when something goes wrong, like a list of 10 electricians, 10 plumbers, 10 tretrimmer/landscaping companies etc. what do you think of this approach and what vendors is a good idea to put into my spreadsheets?

The caveat is that two weeks ago I started looking at two other properties in other neighborhoods (one at 175k and the other at 219k) and these two seem more "simple."

There really isn't a simple answer.