Perhaps you could do that next yearPerhaps you can get in at a property management company in some additional capacity as an assistant property manager. 

When I initially started I found a property manager in my area.

Jacob, we use lead managers and acquisition managers.

They don't properly research & align:Neigborhood ClassProperty ClassTenant ClassPMC ClassContractor ClassSo, they often buy a Class C property, in a Class D Neighborhood, hire a Class B PMC to manage it, then have a Class A contractor do over-the-top renovations/repairs - and expect Class A results.When the Class of all these moving parts don't properly align, it is often a disaster.

I manage many of mine and have property managers for others.

Plus, Ohio is very landlord-friendly, which helps when you’re managing from out of state.

They should offer comprehensive services, from property management to maintenance.

Hello @Pratik Patel,The key is not just the property type, but who is managing it.Both turnkey and new construction can be great options as long as you have a property management company whose goals align with yours.

Based on my experience managing similar long-term rentals on my own for over 20 years, I don't expect this new one to be a heavy lift (but you never know).I'm wondering if and how to structure a management fee. 

A lot of the homes are 50-100+ years old for the lower price point to entry.