Most banks hire 3rd party asset management companies handle the sale, so if you call the bank they will just pass you off - that will be after being tossed around from department to department for two hours. 

You can get great cash-flow (In the right locations), use conventional loans (lower rates), have less to manage, and get in for a lower price.

I did this in a beach town 1.5h from Boston and in our peak weeks we did a Saturday to Saturday (10A check out and 4P check in) and it made life a lot easier for management. 

*Sidenote: My family lives in Connecticut which is where I grew up which means accessibility is an obstacle. 

With regard, to how a property is managed, you have no concept of what I'm talking about.

After remodeling the property and adding a better property management team we are upscale to almost 300 tonight What was the outcome?

The previous Owner’s property management reached out to us if we would continue with their services.

Attend events, make connections with nearby investors, property managers, and real estate brokers, and look for mentors to help you along the way.

Be sure you have the tools necessary to manage the loan properly.

It's much harder than it used to be to get the return which makes it worth the hassle (assuming that you are self-managing).