If you decide to hire a resident manager (instead of a property manager) you will be exposing your self to more liability and may have more work managing an employee who may not know how to manage an apartment building.

For students that have graduated, they have longer commitments, or residencies, which are one year plus.  

I currently reside in the Denver, CO area, but am originally from KC (Johnson County specifically).

Meaning primarily updated electrical, not having knob and tube, or 2 wire (as my personal residence does, built 1945).

The details: I own 4 rental homes that are fully rented and together they cash flow $840 a month (2 are on 15 year mortgages so don't cover themselves but the other rentals cover it and then some) and I have a loan with my boyfriend for our primary residence which we also house hack with 3 renters, each paying $575 a month. 

Those options either marginalize the custodian's role or completely eliminate it.For CA residents, there are some additional considerations because of the state's franchise board tax.

My name is Lisa and I currently reside in Columbus, Ohio.I grew up watching my parents investing in RE and becoming longtime landlords and I witnessed many positive and negative experiences they went through with various tenants.

Trying to further my real estate investing.Right now I have 2 rental properties on Oahu and 1 primary residence. 

I will second @Linda WeygantShe is located in Colorado and was a BP podcast guest.In regards to your tax return - if you have an out of state business - you may be required to file a resident return in Colorado and a non-resident return in the states that your business transacts in.

It was previously my primary residence before renting it out.