Is Self Managing an OOS LTR reasonable for a new investor

[LaShon Evans]

Looking to get started this spring with the purchase of my first SFH for a LTR situation. My initial plan had been to do something like Rent-to-Retirement or REI Nation- assuming that I'd be leaving money on the table to pay for their expertise, but hoping that I would learn through the process and develop the confidence to strike out on my own later. The other factor that's relevant for me is that my husband is a high end W-2 wage earner and we could greatly benefit from the potential tax benefits of actively managing the property. While I don't want to get myself into a negative cash flow situation- appreciation is the bigger deal for us. We're starting late and looking to shorten the retirement on-ramp.

I've been seeing stuff about great apps and tech that make things easier and almost seem doable.  Would you consider trying to self manage rentals in my situation? Btw I live in rural Alaska.  Investing locally isn't an option.  Travel will be part of what I do with this.  Looking for a market that's only 2 flights from Anchorage.  My kids and extended family are in the lower 48 so I don't mind excuses to get down there- and the sun too! 

If you have worked with a company that handled everything for you- vs making your own deal/team/etc, I'd love to hear your thoughts.  

Thanks for your help and input!

Best wishes

[Drew Sygit]

@LaShon Evans DIY managment is easy - until it isn't!

A PMC is like insurance - how long would you choose for your family to live without medical insurance?

Learning to manage locally is trial by fire. 

Trying to learn remotely is a recipe for disaster.