Is a project manager essential/required on a rehab.

That is interesting you are having that issue do long-term management here in Austin and I think we have seen a dip in the volume of rental applications certainly as we're going into the winter months but we are still approving applicants at our normal acceptance rate.

Then seeing if that market works for my goals in regards to entry price, cash flow, and appreciation.   

@Srinivasa SubramanianI just had a phone call with someone who self manages.

The key to doing it right—especially when investing remotely—is leaning on local expertise: working with an investor-friendly agent who also owns rentals and partners with solid property managers and contractors.

Specifically B neighborhood around $215k entry point

Entry-level and mid-tier flips still move well.Homes under the luxury threshold sell fast when they’re clean, modern, and priced right.

Lower entry points and steady tenant demand. 

The toughest part about investing out of state is the finding a honest competent property manager.

If you're investing here from out of state, I'd be looking to hire a property manager. if you do look into Chicago, you'll probably want to stick to A & B areas.