There are some rough parts of town near decent areas and if you are not careful, you could get burned.

The contractor might not care so much whether you are happy with him, but he will care whether the big box store that gave him your job is happy with him. 

I would imagine it’s as simple as selecting the right bank account for the portfolio’s respectively properties, right?

However, they are somewhat selective about which properties they take on, so your mileage may vary.Another PM that I interviewed was Mitch from Solutions for Real Estate.

What he ended up doing after pondering on what to do is be more Pro-Active thinking on selecting who lives Upstairs and Downstairs..Typically families w Kids or pets he rented downstairs, young Professionals he rented Upstairs.

Be very careful to understand the priority of liens in this sale... and whether you are buying subject to an existing first mortgage, etc.

In my case, I want to keep properties in different parts of the country and have a good property management company to take care each of them (so less headache and more time to focus on increasing your RE Assets).

@Gary Michalske, depending on the estate and long term care planning side of things the 1031 might not be out of the question yet. 

You can be at a closing or on vacation, but they do not care. :) The tendency is to wait until the last moment when it really is an emergency.

She understood what I was looking for and took good care of me through the whole process.