I am more than happy to chat with you about how we have created Debt free real estate investing on our way to 10 doors $10,000 monthly cash flow. 

My good friend (who has some experience) and I have decided to team up and work together at creating a strong portfolio. 

You probably underestimate the cost of creating and maintaining an MLS, and the man power associated with doing so though.

Your NOI is being compressed but appreciation has created a lot of dead equity. 

If you're try to create a backup plan for owner financing or assumption of their loan.

North Park, South Park, and the other areas surrounding Balboa have properties that will do well for you as a STR, but are much more reasonably sustained if you were forced to transition to longer-term tenants.Let’s get together while you’re in town to further discuss the current market dynamics and take a look at a few properties that will work with your goals/level of risk aversion. 

I am now a devout listener to the BP podcasts and have only recently created a profile and started looking at the forums.My wife and I are looking for more financial freedom so we can travel more and are looking very seriously at real estate to provide that for us.

John Zhao why do you want to create it in Alabama if our in CA ?

Most do not close anything but create tons of paperwork for a brokerage.I am talking in generalities and not about this specific forum topic. 

Clearly not all property management is created equal.