Also important is being able to find a reliable property manager in the area.I'd love to hear from local investors – am I looking at the right areas?

Additional expenses include property management at $142/month, property tax at $1700/year, and other costs like insurance and maintenance.

We manage over 100 properties -- mostly STR (Airbnb) -- For STR, invest in Sacramento city.

House hacking will also give you some personal "property management" experience.

Since this is not an actively managed property, you're unable to take the deduction against your W2 (or other) income in the current year.

So my question is, if I don't live in the county where the property is located but want to manage it myself, do I need to hire a registered agent just to get documents?

I'm a local Realtor in the Raleigh area and specialize in Investment Properties and Property Management.

I am interested in using WY Statutory Trusts and LLCs to box up each individual property, and then using a separate LLC for the management.

Or is it manageable by the owner and not worth it.

Negotiate terms with sellers based on your findings and financial analysis, and seek assistance from legal and financial experts to finalize the purchase agreement, financing, and closing process.Having a strong property management plan is crucial, whether you decide to oversee it yourself or enlist the help of a professional company.