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You can buy the property and then hire a company to take care of it.
Does hiring a property manager really mean no work for me? Also have some trust issues because of property managers I've seen in the past in apartments I've lived in..
Anyone been able to manage without a property manager or is it just not worth it?
Depends on how hands-off you want to be. Do your due diligence. Shouldn't be hard since y'all do so many PE DDs. There are some companies that will take care of everything but will obviously require higher fees. Some will even find your tenant for you.
I think it is much easier now with apps like TaskRabbit and Handy. I managed one of mine from out of state and it is never a problem until it is. 99% of the time it is fine but if you get a shitty tenant or have a major issue (broken pipe, flooding, etc.) you not only have to deal with the issue remotely but deal with an angry tenant. How do you know if the issue was dealt with properly unless you rely on the tenant to be your eyes and ears? It helps to have a friend or local contact in case of emergencies.
Ha good luck with that
I own 6 units and I do not have a management company, but my units are all within 10 mile radius