At least 70% and         high bid & the house is yours!!!

I highly advise you to reach out to people that are experienced real estate investors and ask them to mentor you.

Hi @Roberto Ramirez,Building to rent in this area is a very popular strategy right now with how heavy the rental demand is, and the relatively high return that you can see through this model.

Great advice @William Simpson @Jake Baker The roof will definitely be repaired in the near future, I just wanted to ensure I allocated the left over contingency funds in the best way possible.

I would highly recommend them. 

I've searched high and low on the forums and haven't found any good solutions.

Highly unlikely! 

But not having someone there with the properties interests in mind to verify the work being done is quality would personally make me uneasy.I would definitely look at a local PM for the long term and then after the first year and hopefully the first round of renewals you can make a more educated decision as to whether or not to keep them around.No matter what you decide to do, congratulations on the investment! 

Our housing prices are insanely high to begin with.We take adjustable rate mortgages at levels you would never see in the US.

But start to get out of the SAD (sad american investment diet).Real Estate Investments: Cash flow and appreciation aside for you as a high income earner over 400K AGI its going to be more about saving taxes.