Turn Key Rental Property Investing: Invest in professionally managed real estate portfolio for passive income and diversification.

With out of the area Airbnb's, you're probably going to want to hire someone to manage which typically costs 25-30%.

Rent: $4,250/ moMonthly expenses (including management): -$600Monthly Mortgage/ taxes/ insurance etc: -$2,550thanks

@Devon Morrissey - I own a Property Management company in central CT and do about 100 move outs a year. 

Renovations can uncover unexpected issues, so having an extra 10-20% of your estimated budget set aside can help you manage unforeseen costs.Start Small: If it's your first time budgeting for a big renovation, consider tackling the project in phases.

Listed Rent would be between 3500-4200 per month depending on a local property management company strategy.We have assessed our budget and goals while in Europe and would not want to maintain a mortgage in USA (vacant) AND a rental payment in EU.further details: we are 3 years into the loan at 2.625% int, primary and only residence owned, house will need 2 new AC in next 2 years, water heater, and driveway repairs, would only rent with a property management company as we will NOT want to manage from abroad. 

Buildium will be your best bet if you manage under 50 units.

I had the absolute worst PM ever, so now I am managing on my own.

Frustratingly enough, tenants are not necessarily required to give notice in the same way as landlords in the suburbs where we manage.

When I used to self manage my properties I used MySmartMove and felt it was a very good screening process - it checks all the main things you need to check (criminal history, bankruptcy/foreclosure history, credit, etc).