Plus i do have local people i trust that can address any emergency things that may come up...I would start by researching the market you consider investing in...specifically identifying a city or town with a future and not a past. 

Your mortgage will increase, and you will be paying interest on the money you pull out, so only pull the money out if you need it for an emergency, or an investment.

MetLife Investment Management reports that institutions controlled 5% of the 14 million single-family rentals in the US in 2022, and could own more than 40% by 2030.While some may see institutional investors buying pre-developed build-to-rent housing or building their own as providing much-needed legitimacy to an emerging market, small and midsize property managers are concerned by their predicted takeover.

As the repair work does not qualify as an emergency under California rental law, we will defer the repairs until after I have accomplished the aforementioned.

There's a good number of lower-income homeowners that would just have ended up with a pile of junk in their house because something like 40% of Americans can't come up with $1000 in an emergency.4.

I also followed up our conversation with an email that I needed to be contacted of emergencies immediately as the tenant had initially admitted to waiting to see what happened.

I feel personally leveraged as much as I can tolerate (thanks to primary mortgage), and don't want to go further for the emergency situations, kind of like I find myself in now.

This shift has paved the way for an emerging and exciting investment opportunity: the world of tiny homes.

PM company:Has insuranceHas referencesHas experience dealing with guestsHas a relationship with cleaners and repairmenProvides a 24/7 emergency response numberKnows the laws inside and out to avoid any nasty daily finesIf you want to do arbitrage, you need to be able to advise a LL why you're better than a good PM company. 

In the case of a mail away emergency  or an "at the closing table decision" it's possible to work even more quickly.