If that is the case, those properties are usually best left to the local investors who understand and want to take on their own risks. 

It may sound nice to pay a 5% management fee but the extra fees can add up to be more than the other company that charges 10% with no add-on fees.

My question is...How long does it usually take you to get a unit rented out after purchasing?

Here are the variables that need to come to a lender to get qualified for loan:ExperienceCreditCash (probably 25% down + closing costs + reserves)Net worth (usually 1:1 with exceptions for lots of experience)If you don't have ALL of these, then you need a partner that will fill in the rest of the gaps.FYI, for commercial type loans in the private space, your income is almost entirely irreverent. 

I guess I could compensate extra?

He paid his rent, usually on time, and almost never more than a week late.

If I'm wrong and you're on the northern side, that property is a steal because they usually go for a few hundred thousand up there.

And, be prepared to pay some extra liens that were not recorded at the time of your purchase (weed liens, etc.).

Some more questions that came up to mind...again, really appreciate any feedback I can get:Would I get taxed extra if I form an LLC vs. self-proprietary?

This usually comes up in the context of "please pray for me-- my deadbeat brother has been living on my couch for 3 months -- he can't find a job".