I've always felt I set the expectations and managed the relationships with renters well since I was right there in the unit and could notice right away if something was to go wrong - thankfully because of all the people I interview to find the right fit before accepting a tenant, I've had nothing but great experiences with all the tenants thus far.Now that i'll be in another state and won't have the easy access and convenience to check on the property frequently (aside from the help of my parents who will be the de facto property manager as they own and manage their own rentals as well), what sorts of best practices can you recommend to help mitigate the risk as I transition from a house-hacker to an out of state investor/property manager?

I live in Delaware but will be looking for properties in both Delaware and in Chester County, Delaware County, Montgomery County.  

@Ruan De Nysschen Exactly!

Currently seeking recommendations for several pieces of a team that I will need to put together for further success in Delaware.

@Eleena de Lisser Thanks!

The other three are: equity (de-leveraging), appreciation (forced and natural) and taxes.

Hi @Mike Moran, as others have said, if you’re considering a 1031 exchange, a Delaware Statutory Trust (DST) might be a good fit.By reinvesting in 1031-qualified DSTs, you purchase ownership interest in multimillion dollar properties that offer long-term income - and don't require you to be a landlord!

My mom is the original owner and the house is just under 30 years old, it's a corner lot at the end of a cul-de-sac but since it is a corner lot the backyard is twice the size of most other backyards in the neighborhood.

So, before I delve into getting estimates, how much do you think this should cost in Newark, DE on average?

Could we just file some papers with Oregon and switch to Delaware?