Getting the bug is great, but being a sound asset manager is imperative to REI.

Remember: buying the right property the right way is important, but how you manage your rental will really determine how it performs. 

Try interviewing at least three managers.1.

Valuation of the property is estimated at $1M and we need about $400k financed.Presently, one unit is occupied by the on-site manager, two units are leased as long-term, and the other four are STR. 

The core 4 consists of a realtor, contractor, property manager, and a lender.

@Austin Wood Did you have something in your application or marketing material that indicated you did not allow smokers? 

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.

Its definitely priced higher, but I tend to weed out weak applicants.

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.

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