I also own a property management company. 

I would basically do what this owner is currently doing, which is more or less property management.

There are pros and cons with them and you have to be extra careful now because of HOA poor management, etc. 

Here are the important factors to consider for a house hacker of a 2-4 unit property when using the program:NACA’s eligibility requirements consist of the following:No member of the household can have an ownership interest in any other property at the time of closing,Occupy the home over the life of the NACA mortgageParticipate in five actions and activities a year and at least one prior to NACA Qualification and one prior to closing in achieving NACA’s overall mission of economic justice; andBe willing to abide by NACA’s terms of membership, participation, and eligibility.Occupancy requirement:At the time of closing, the house purchased with the NACA mortgage must be the Member’s only home.

These can sometimes cover your entire down payment, making it much easier to purchase turnkey properties that you can live for a year and repeat the following year.Each strategy has its benefits, depending on your goals, risk tolerance, and how actively you want to be involved in managing your property.

My name is Caesar, and I’m making the exciting transition from the hustle and bustle of New York to the sunny of Orlando, Florida.Currently serving as a licensed real estate agent and managing a diverse portfolio of commercial properties across the Sunshine State, I’m deeply immersed in the intricacies of the Florida market.As I settle into Orlando, I’m eager to connect with fellow investors, developers, and wholesalers in the area.

Let me know if I should bring you in contact with our specialized mortgage broker who is helping us out in one of our projects.Hey Erwin, have you managed to do some projects in barcelona now? 

Being an OOS investor I would recommend hiring a PM to manage the property.

He has already submitted an application through Zillow, and we have the contact number of his current home manager.Please let me know if it's still a good idea to ask the potential tenant for a recommendation letter from their current landlord, or if calling the manager would suffice.By the way, what should we do if the tenant has simply provided a friend’s number, and the friend pretends to be the landlord or property manager, or if he just make fake letter?

Our plan is to buy the first home in cash, likely $550k-$650k, operate it under management for 3-6 months, then refi to pull out what we feel the property can support for a mortgage so we do not end up upside down.