First, I think it is a good idea to address whether you want to pull equity out of your home.

@Bruce Woodruff just about all these posts are about how to make your house better, more appealing, and that is great but that doesn’t really address the issue.

Can I still live in my current home but state the other house as my primary address?

Think of all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

Zip code is 33909 thanksSend me a DM with the address and I’ll tell you what I think.

Part of what you asked is addressed above. 

Financial Situation:- Single professional ($200k / annual salary)- Remote job (can work anywhere / establish permanent address anywhere)- ~$100k savings (between checking, index funds, and small crytpo portfolio)- Grew up in Southern California (I don't intend to invest in CA, but it is the market I am most familiar with so I am really looking for advice on how to confidently branch out to other more affordable markets with better ROI)- Dad is a real estate developer based out of Southwest Colorado (considered stepping into this market, but not familiar with it's ROI compared to other states commonly mentioned here)Goals:- Develop passive income streams to match/exceed current salary (I'm trying to escape 9-5 life ASAP)- I plan to utilize an FHA loan to minimize my down payment on my first property (ideally looking for a 4+ unit building where I would rent the smallest unit for myself and maximize the rent from the larger units).

, does managing tenants scare you or do you view it as something you can become knowledgeable on quickly and address any headaches as just part of the business?

There are some general lending principles which have already been addressed here.

I've been using a lease I got from my RE agent, with no landlord address on it, for years.