I have text in my lease stating that the tenant is not allowed to make repairs to holes in walls and that any repair work that takes over 30 minutes or is larger than the size of small nail will be repaired by the landlord's hired labor at a cost of $30 per hour plus material costs. 

However, I’m trying to educate myself now before moving there so I can make a well-informed investment.Based on my spreadsheet, most properties in the $300K–$350K range with an estimated rental income of ~$2,500 per month show a negative cash flow.

Hire a property management company who will manage it for you.

@Jordan Laney the devil is always in the details when you are hiring a PM company.

So if we have a $475 bill for an owner you could click on that amount and see the invoice/bill that's associated with it and get some more information.

Every bit of information helps as we begin this journey.Thank you so much, and we look forward to hearing from you all!

For example, are there specific documents or information I should prepare, or would identifying a target property first be more beneficial?

But here's the thing: communication within the GP team can make or break a deal.When information doesn’t flow smoothly between team members, it can lead to confusion—and even worse, miscommunication with external parties.

The information contained in this post is not to be relied upon.

Just got off the phone with another DIY landlord looking to hire a PMC.They really didn't like our response to their question, "How long does it take you to find a tenant?"