There will be a lot of proven people here who demonstrate that you can totally self manage an out of state property.It really will depend on you, the market, the property, and a few other factors some of which may be out of your control.I would not look at PM strictly as a cost, there are a lot of good local PM's who can add value to your property. 

I’d look in some market specific fb groups 

Hi @Yulia Volokhina,All of these markets are very close to each other geographically, so you're not going to see massive differences between any of these.

This will also require a designation of a "statutory agent", someone who is a resident of AZ.My questions, for nowa) Are there any other initial registrations/licenses that are needed?

We are considering, if successful, purchasing an additional property/rental for grad students (hopefully less wear and tear) and what seems like a consistent rental market.

Looking at what's out there in our market is discouraging.Have you ever read "How to win friends and influence people"?

Hello,I'm reading Avery Carl's book "Short-Term Rental Long-Term Wealth" and she mentions setting up a designated business account and making housekeepers fill out a W9 and paying them through direct deposit or an online invoice payment platform.

  - Optimally, a national lender able to offer financing in multiple markets or States. - Seasoned with proven track record and positive reviews of performance.- Dependable, trustworthy and professional. - Weekends are workdays. 

We have started to think about selling the property and using the proceeds to buy another home in a more desirable area where we believe market and rent appreciation has greater potential for growth.

Maybe you can find a handyman in market to swap out instead of driving.