Thanks for the offer however turnover time for this unit is typically more like a week or two which gives me enough time to paint and deep clean/make repairs as well as show the unit to prospective tenants empty. 

Find a realtor in that area, start having them send you prospects while contacting a few banks in parallel.you want a realtor that will do the footwork whether local or remote.  

Let me explain...When prospects look at the reviews, they inevitably go to the bad ones to see how things "really are". 

If not, it’s not beneficial from tax prospective. 

Upside was the tenant still had functioning space, so we didn't have a prospective tenant back out due to our delays.

Upside was the tenant still had functioning space, so we didn't have a prospective tenant back out due to our delays.

Upside was the tenant still had functioning space, so we didn't have a prospective tenant back out due to our delays.

I target LA properties that have a 2% cash-on-cash and excellent prospects for appreciation -- either because the location is amazing or the rents are well under market.There's a big push amongst the gurus that bigger is better, but they're using the wrong metric.

If cashflow is your primary aim, SA or Houston has better prospects.

This is copy and pasted from an email i sent a prospective client last week, so if its slightly out of context, i apologize.