I recommend reading “Long-Distance Real Estate Investing: How to Buy, Rehab, and Manage Out-of-State Rental Properties” - I found it to be very helpful when I got started investing 2.5 years ago.

Most of the OOS markets investors target do not have much appreciation potential, are lower end properties that will have ongoing issues and will not give the OP the opportunity to self manage his units to gain true real estate experience and understanding.

Try interviewing at least three managers.1.

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases.

Have you factored in start-up costs and accurate management cost? 

Monthly Rent + Monthly Debt Payments <= GROSS Monthly Income * 45%This accounts for some people who have outsized obligations such as car payments, child support, credit cards, student loans etc.

Hi all, Do you know any free or low cost app for property management that has a daily late fee charge options?

You won't pay anything up front, only a portion of whatever they manage to collect.

The Airbnb calculator estimated higher returns than in most places I've looked, as did local property managers.

Thanks Hey mate,You will get a much better ROI if you do it yourself.Higher cashflow and more equity in the deal.Plus, there is no such thing as "passive" even when investing in turnkey.You will still need to manage your portfolio and have a long term strategy in place.Wishing you much success