I know Detroit is a great area with lots of opportunities but quality PM seem hard to come by, know someone who got burned with no rent collected for close to 1yr!  

The low cost of doing business, diverse business base, availability of professional and skilled workforce, intermodal transportation hub and quality lifestyle continue to attract people and business.

To get a quality response, lenders want to know where the property is (at least city and state) purchase price, estimated rehab ($ and time), estimated ARV, requested loan amount and how you will make interest payments.

It property management system such as smoobu or owner reservations can handle incoming bookings, it can handle automated email responses, calendar management, good quality vacation rental lock that will handle check-in and check-out there's a lot of self-management advice already posted and people who give you input on this avoid the high-priced property managers.

Am looking at a three family home in Newark NJ that's been fully renovated and has very good income potential.The neighborhood is a bit rough but a fellow co-worker  who owns property in the area says if it's a quality place I should not have any problem finding residents.What should I be looking out for here?

Obviously there is a much higher quality discourse with that approach. 

Look at their work at other locations first to check their quality and the.

Specifically they are going to care about bed and bath count, square footage and quality of finishes in bathrooms and kitchen.

Quality of the property also will affect it as you’ll want to look at deferred maintenance.

@Collin Chan awesome, seems you are up to speed.