It explains the team that you should develop to have a strong foundation under you while investing remotely.https://www.biggerpockets.com/blog/core-four-real-estate-team

Shortly after the crash my tenants learned that condo developers were renting out luxury apartments in the area for around the same rents I was charging so I was forced to lower rents. 1200/apt 2 1050/apt3. 

Avg Dom should be less than 20 days- if you look at development in certain areas of cape , there are a good a mount of multi-family coming in .

Ideally the owner would handle everything and would have no need for a property management company with only this single duplex in their portfolio. 

There's a few different ways to focus on a lower rate such as with house hacking and making the investment your primary residence, requesting a significant closing credit from the sellers for standard rate buy-downs (which I've had great success with recently), or utilizing lenders who offer short term rate lowering solutions such as 2-1 rate buy downs (again, ideally paid for by the sellers).

The description states the property is "ready for rehab and development".

Generally, I'd look for the ideal: % based mgmt fee with a cap on the value.

I specialize in helping out-of-state investors find their ideal properties on the Emerald Coast/in the panhandle so I am more than happy to answer any questions I can to help. 

First time STR host here. My property is located in a C+/B- neighborhood has the following landmarks nearby: -1.5 miles from a major university with a popular D1 NCAA college basketball team-1.5 miles from a children'...

McKinney and Princeton have been growing a lot and it is a good place to invest, but it is always related to what you are looking to achieve in a rental investment, appreciation or cash flow.At this time that area does not offer a big cash flow and due to the amount of development going on there, rental demand has declined a bit.In any case you have to make an analysis case by case.