Hi ybc, I have 3 rentals all local here in SD so I do not use a prop manager. If I had out of town properties I DEFINITELY would recommend a manager. I believe the cut is anywhere from 6-10% rent. There may or may not be an up front expense as well. However a good property manager is golden. What type of places are best for rentals? I guess it depends on what you are looking for. It depends on your level of experience and your goals.