Sometimes lenders will want a letter of explanation from you explaining how you plan to manage the property if you're not local, but they don't all require a property manager.

Hi @Josh Cutler, to get the ball rolling I would start by connecting with a local agent.

I would recommend attending local RE meet ups if possible.

Check your local rules, but where I have rentals, the tenants need to be out by 1 pm on the last day of the month and you can organize with the new tenant what time they are moving in (eg 11 am).  

@Angie YangRe-reading the IRS guidance, the agent duties could fall in as part of "real estate trades or business." 

While I’m happy to share lots of information with folks it’s very rare that I will give out information like my primary contractor’s name or the names of any of his subs because I keep them busy full time and am not willing to lose my own time with them to someone else.

but yes its a common business practice in many arenas. 

I'm not as booked as I would like to be, and according to others they are going through similar circumstances...Do you expect immediate profits larger then your yearly mortgage and other expenses or do you give yourself a year or 2 like other business ventures?

Joined BiggerPockets in order to find local meetups in order to network and develop relationships with other investors/lenders

2-4 unit is probably better than roommate hacking due to separation of "friends" from business.