I'm the opposite....I jut plow ahead and get myself into trouble :-)My business strategy is 'paint yourself into a corner and figure a way out'.

Real estate can be an excellent investment, but ensuring you can comfortably manage the payments is vital, even if you encounter negative cash flow periods.

If you structure the deal where you are a non-managing member or limited partner with no say in operations, you will be deemed passive and your income will be passive income.

I would add that you want to get contact info of there previous landlords or property managers if they have any.

That might give you some experience running a house, hearing what people are willing to pay for rent, management issues and all the other things involved. 

My property manager advised due to decreased university enrollment these homes are slow to rent over the last few years.  

Hi all- I’m in a unique / fortunate situation where I’ve found some older homeowners looking to remove the burden of managing a rental property that are willing to seller finance their property to me at $0 down and 1% interest on a 30-year note, no balloon. 

You want to work with a turnkey company that owns or has property management vertically integrated with their business.

It is managed by a company.

I have made it from my long term process to short/mid terms and I have found myself in a predicament as I am investing from out of state (Atlanta GA) and have purchased a str that I will be staying in 1 week a month (Liberty MO north of Kansas City MO).Predicament All property management companies I have done my research on have horrible reviews, as most of them do, and with STR it’s not exactly passive but more hands on in my experience with investing in ATL.Does anybody out there have a recommendation for PM companies I can work with that are not from the horror story days that I have heard all the way back from when Josh Dorkin was hosting?