Gottfried:Hopefully you and your wife are still into real estate.You or anyone else can join us on Oct. 2 (6pm) at the Tailgate Brewery on Market Street in Chattanooga for this real estate meeting.

Your lender should be well aware of this....it sounds like they likely didn’t do the DU step  

Hello Everyone,This might be a little uncomfortable to say but I don't know where else to go.

As far as I can tell this tenant has a handshake agreement at this point with the landlord prior to me. 

Though, this process will be the same for the other state (if you created a CA LLC you may need to register it as a foreign LLC in the state in which you are doing business/holding property).

Newer isn't always better, and this picture sums it up pretty well. 

Has anyone utilized this strategy for a longer term and have any feedback? 

@Mateusz SkibaRecommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

This would be short term and would not be afull time gig.

I love this perspective!