The second company had a PM contract and due to other reasons we did not continue their services after a couple of months so tax stuff did not arise.

Almost an impossible way to “get started” as you’re going to need full purchase price in cash on hand or a HML willing to instantly fund you. 

On the other hand, if you're aiming for long-term rental properties, getting prequalified with a lender specializing in traditional loans or DSCR (Debt Service Coverage Ratio) loans is key.

On the other hand, if you write something into the lease that you agree upon, it should be fine, but that may turn off many prospects IMO.

I started getting into some Facebook groups couple of days ago, I'll definitely look into RE events, I know there are few that takes place in the city most of the weekends 

Quote from @Pankaj Malik: I’m just really surprised that the tenant is not taking the option to break the lease break with a $ number offered (1 month rent plus reasonable amount for parts of house he wasn’t able to use) that is within a couple thousand dollars of what he wanted anyway. 

In the Dallas area, there are a handful of great agents you'll find through this feature. 

There are a couple of ways that you can address the 1031 Exchange deadlines. 

I used SunCoast for a couple of my properties.

The more cash on hand the more options.