That is the beauty of real estate my friend.

But, I did purchase two new short term rentals in January and the beach property is doing beautifully. 

Purchase price: $295,000 Cash invested: $30,000 Beautifully remodeled home by the Kiwanis Park.

Beautiful corner lot, found the right buyer and closed for a nice profit within the following next month.

At least hire them for one year while you gather your wits, learn the law, figure out your processes, etc.You can't ask all the questions below, but you can get an idea of what a good property manager looks like and then screen until you find one.Remember: cheaper doesn't mean you'll make more money.Start by going to www.narpm.org to search their directory of managers.

I was afraid that I would have a nightmare tenant, but it actually worked out beautifully! 

Bought this beautiful 3bed 2bath Chalet to turn into a STR.

Purchase price: $9,500,000 Cash invested: $2,500,000 Sale price: $10,700,000 2100 Defoors Apartments.This was a beautiful 60 unit apartment complex in Buckhead Atlanta.

I was able to get more questions by you answering mine, beautiful break down though.

They were well qualified for a 30yr fixed rate take-out loan, so the BRRRR method absolutely worked beautifully for them.