As an agent I have worked with a lot of OOS investors and even if I refer them out to my contractors I see how difficult a cosmetic rehab can be for them.

I usually prospect for listings in my own market, however I would like to refer people who want to list to my colleagues in other markets.When someone doesn't want to sell yet, I get their email and plug it into my database.

Can they typically provide references?

Do you remember the episode where they reference turning your vehicle into a "car university"?

There is simply far too much variability person to person and you may end up with a local PM who is really good at what they do OR one that is really connected OR one that pays people to refer you to them . . . and there's really no good way to tell until you've gone a few rounds with them.Best case scenario:  have two homes in the same market and test them, one under each PM paradigm, and see how you like the operations and returns after 3-4 years.

@Will Barnard what type of libiality policy are you referring to?

Cross reference as much as you can. 

I did upload good quality images. 

Might take 200k all in especially if you're leaving some cash in a contingency fund (recommended). check out airdna and see what occupancy and lease rates look like in your target cities. this should help put into perspective what kind of cash flow to expect then cross reference that data with zillow listings to see what type of purchase prices you should expect. 

For reference I am in Minnesota.