I think the trouble I might have with that option is the current condition of the house.

The monthly HOA covers: Association Management, Insurance, Maintenance Grounds, Sewer, Security, Taxes, Trash, and water.What next steps would you guys take to get a better idea about this deal?

Sourcing deals and bandwidth (managing multiple projects) becomes your problem.

You can also call your property manager if you use a professional management company to see if their portfolio has anyone that recently purchased or currently owns properties in the area that are thinking about selling (just to help you rationalize your value better).

I would like to know if you would advise such an investment which has to be managed mostly remotely.

i hear hostaway works good. i just manage my own on 2 OTA platforms. pretty much all is streamlined on there. just have to keep up responsiveness and price optimization. but you could always hire out to a co-host if that would be worth your time. 

Finding new tenants during the colder months can be challenging, and we aim to avoid any prolonged vacancy periods.Enhanced Flexibility for Tenant Management: Another factor influencing our decision is the greater flexibility it offers our property manager, ****, to effectively manage and find tenants during the summer months.

Go over the costs of houses you're looking at, like loan payments, taxes, insurance, upkeeping costs, empty times, and fees for someone to manage your property.

Other smaller areas in Texas can work as well.Do you mean turnkey meaning all-in-one so the turnkey company handles property management, tenant leasing, etc?

Start driving to them and talking to the owners and not the managers.