You can definitely do it yourself and learn faster that way.

I will definitely take these into consideration , thanks for taking the time to reply to this post . 

Definitely talk to an attorney if you go that route.One big thing: since you haven’t been inside yet, be ready for surprises on the repair costs.

Lancaster city limits short term rentals to only certain zones of the city so definitely look at the city website for that information.

Well, I'm not ultra wealthy - I'm not even sure if I fit the definition of wealthy - but I guess I'll chime in anyway.

Definitely not willing to put money into something like this and potentially worsen our situation.  

I invite you to perform the exercise and find what your cap ex allocation should be.certainly $50/month for maintenance/cap ex and misc is not enough and this property is definitely cash negative when properly allocating for expenses.  

I'll definitely play it safe.

I definitely would like to have my own personal BRRR properties etc, but I want to learn the market and learn the game and yes replace my W2.

While profit is undoubtedly important for any business, a property management company that prioritizes customer satisfaction—both for owners and tenants—often leads to long-term success.For property owners, a good property manager is definitely worth it because they bring peace of mind, reduce risks, and often save money in the long run.