I would suggest doing your first flip close to home as there is a lot to manage, especially time and that is compounded severely when you do it from a distance.

It’s all integrated and easy to manage from PC or mobile device.

I work for a Property Management company and have done it for years so I am not a rookie. 

Since we are out of state, we need someone to observe the minor renovation progress.What would be the average daily rate for hiring a renovation project manager to check on the progress and ensure that contractors are doing their job properly?

There are many lazy owners, so it’s not uncommon to have missing contracts when dealing with self-managed property.

To start, these are the fundamental underwriting inputs the GP/Syndicator will be making when arriving at their offer price:Management Fees: This will be very similar to any other bidder who relies on 3rd party management (and generally more expensive than a local operator who benefits from the efficiency of managing an existing local portfolio).

@Gregory HerbertThis is why you use a property manager….I don’t want to be a pilot, a doctor, a plumber or a roofer - thus I hire them to do the job I need done.

Some agents might lean towards a fixed fee for off-market deals if they're more in a consulting role rather than running the whole show.

Tenants would have to refill cards at the management office.

The area in your target country where you have a group of people dedicated to help you through acquisition and management of your rental trumps nearly every other consideration when trying to narrow down a location in my opinion.