Valuation of the property is estimated at $1M and we need about $400k financed.Presently, one unit is occupied by the on-site manager, two units are leased as long-term, and the other four are STR. 

Most of the OOS markets investors target do not have much appreciation potential, are lower end properties that will have ongoing issues and will not give the OP the opportunity to self manage his units to gain true real estate experience and understanding.

Worse case you can furnish it and put the property on Airbnb or peer space as a venue space or STR in between long term tenants.Using an agent or property management company to at least get it rented could really set you up properly.

I recommend reading “Long-Distance Real Estate Investing: How to Buy, Rehab, and Manage Out-of-State Rental Properties” - I found it to be very helpful when I got started investing 2.5 years ago.

Hey I have a client who needs a Manager that specializes in mid-term rentals.

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases.

Have you factored in start-up costs and accurate management cost? 

Try interviewing at least three managers.1.

This is my first rental property I am managing myself. 

Hi all, Do you know any free or low cost app for property management that has a daily late fee charge options?