I'm not too concerned with the long distance, I'm just trying to think about what checks and balances I can put in place to keep everything above board between me and the manager.

When it flooded before it was more like 18IN lol staring at water just below the level of my house was concerning to put it lightly current equity is 100k.Thank You all soooooooooooo much for your advice

When it flooded before it was more like 18IN lol staring at water just below the level of my house was concerning to put it lightly current equity is 100k.Thank You all soooooooooooo much for your advice

The $1200 fee doesn't concern me too much, but should only be paid at closing, definitely never before hand.

in order for me to hire a property manager, i'd have to increase rents but i'm also concerned about any big ticket items. 

My concern is cutting into the slab could harm the structural integrity.

I'd like to think so, but my concern is that there may be deeper issues in governance and the loss of economic base that won't be easily or quickly turned around.

My concern is that I am in a district zoned for single family. 

So I am not opposed to long term rentals either - just a little concerned I won't be able to give the attention needed to a long term rental.

If you have intention of using your IRA or IRA/LLC for multiple investments throughout the year, or any concern that a "deal" may need to be funded in a "compressed time frame" this is one of the best structures from both an efficiency as well as a cost perspective in my opinion.