Also, if anyone can recommend a truly reliable and professional property manager -especially for out-of-state investors- I’d really appreciate it.Thanks for all the advice and recommendations. 

@Anne Musai am not sure i am following - you want random people on the Internet to give you guidance over local professionals? 

I think many people who want to try this strategy end up with really awful roommates or at least awful roommate situations and they don't handle them professionally.

Details of that case are here:👉 KUT News – Mold Lawsuit, December 30, 2024Whitestone Crossing1201 W Whitestone Blvd, Cedar Park, TX 78613There are growing concerns from real estate professionals about unethical practices and financial misconduct tied to his name.For those who want to verify his investment activity, here is the SEC Form D filing for Kota Capital Investments:🔗 SEC Filing – Form DIf you believe you've been affected by Sairam Kota or his companies, consider reporting to the SEC or other regulatory bodies.

Good evening,My name is Robert and I have been in the real estate industry for the past 16 years.  I have been a REALTOR and property manager and I am currently transitioning into the mortgage side and I am moving int...

I guess what I am saying, is the gap between the DIY Landlord and the Professional Manager is getting wider and more risky for the DIY.   

Thanks Hire a new Property Manager.

You would probably not hire yourself aka an agent with no experience.

Would I rely on a property or should I hire an outside project manager? 

I have not heard of the IRS challenging, much less overturning a professionally done cost segregation study.