This does add some legal complexity though if you ever need to evict, especially based on the non-payment of rent that was the tenants portion.I have a complete leasing workflow I made for my brother in law if you'd like it, it's a notion doc. 

You also need to be pretty familiar with how the structure actually is constructed to fully appreciate the potential complexity. 

Overseas can work — it’s just usually more complex and less predictable than domestic investing.

I just did a condo (50 year old condo complex) in CA about 6 months ago and the UW was looking at the reserves and made the HOA change their line item to general fund to reserves to make the loan work.

I would not hire them to help me do something complex but I would only hire them to do my evictions

Owners usually struggle most when portfolios grow from "manageable" to "complex," so your focus on operational efficiency and keeping owners out of the weeds is exactly where a lot of value gets created. 

Option 3: Hard Money → DSCR Refi (True BRRRR) - Maximum leverage, maximum complexity.

The HOA is $297/month, appears well-managed with healthy reserves and they fix everything walls out and insurance runs roughly $600/year.The complex is right next to a large park, and Auburn itself seems like a really nice city with a charming Old Town area.

The sad truth is, most clients make too many assumptions, and simply do not appreciate the complexity of what a PM does.

Definitely worth checking out if you want something that streamlines management without being overly complex.