Considering doing property management to start out...

[Pablo Mendez]

Hello BP, 

My spouse, Amy, and I have just purchased our first primary home. Moved in yesterday :-) While we get settled in, we've been planning on what to do over the next few years as we start in real estate. 

Recently, been talking about start doing rental property management. 

Our long term goal is to have buy and hold single family properties mainly for cashflow and to pass it on to our kids later on. 

We made a list of friends of family who have rentals and conservatively may be able to start with managing 5 to 10 properties local. Our thinking is this would be hands on learning about all things rental management, screening tenants, leases, turn overs, etc. So when we eventually have our own rentals, we will be experienced managing them. 

Considering this as our education. We could charge a lower rate than normal to get started and help out our friends. We are both Nurses and each work 3 days per week, so we would keep as a small second job. 

Last week listened to BP Podcast show #52 with Ken McElroy. He started in real estate doing property management. This got us thinking about going this route. 

Anyone have any tips or resources specifically about property management? books, blogs etc. 

Any tips or advice about getting this started?

Thank yall!