Reaching out from Sinistar, we’re a home-sharing platform dedicated to connecting property owners like you with displaced policyholders in need of mid to long term temporary housing.

This was a property in an area my family loves to vacation in because of family ties to the area.

How bad an idea is building for your first investment property? 

I put that in quotes because the property I am looking at is zoned as a commercial building with a gutted upstairs apartment.I'd like to purchase the property with a renovation loan, something like FHA 203k or Fannie Mae Homestyle. 

20% is the going rate on average for a STR property manager.

However, I'm starting to worry about managing these properties once I relocate.While cash flow is likely to break even or be slightly positive, paying 8-10% for a property manager would significantly eat into my margins.

1031 exchange if you don't like the property, the location, the returns or you are out of depreciation.

A competent PMC will simply rent your property to the best tenants -quickly- and they will charge a nominal fee to manage your investment property with competence.

This property had my heart from the moment I saw the listing, but it took A LOT of work and calculations (and LUCK!!!)

I currently have one rental property in Alabama.