Ideally I am looking to keep the purchase and renovation cost between $175-200K.  

I purchased a property in Warren and had to switch PMC's about 6 months in. 

Purchase price: $50,000,000 Cash invested: $50,000 Limited Partner Syndication

I am looking to purchase a home with my sister in CA. 

Personally, I want to inspect each property, check county records and ordinances, come to understand the neighborhood including economics, crime, taxes, etc.

What purchase price range is the property? 

@Laura Newton this is the 2nd most common inquiry we get from our clients - because they DO NOT read the email we send them that explains the IRS requirement that a PMC is required to include GROSS amounts collected on behalf of an owner on the 1099-MISC.

We are looking to purchase the first investment property in the US (looking at a few cities).

You can specify blackout dates when the property is not available for rent if you wish to use it personally during certain times of the year.Legal and Regulatory Compliance: The management firm will ensure that the property complies with local laws and regulations concerning rental properties, including obtaining any necessary permits and adhering to zoning laws.Maintenance and Repairs: Property management firms often take care of routine maintenance and emergency repairs, ensuring the property is well-maintained and ready for tenants or guests.This arrangement allows you to enjoy your second home for part of the year and generate rental income when you're not using it, with minimal effort on your part.

I'm not a lawyer but I'm familiar with large-scale real estate investors purchasing properties in the state of New York using a Delaware LLC.