I have met a few folks recently who are active in that market and I am planning on following up and seeing what their experience has been.

Quote from @Colton Bridges: I recently bought a duplex that I plan to convert to a fourplex.

Do you plan to scale this year and if so what type of properties will you be targeting?

I didnt mention I already have a trust and yes the plan was either to put those in the trust.

I haven't seen anyone ask if you are planning on self managing.The investors that I work with now find the hybrid of the two a better place when they are just starting and growing. 

Since we will be investing remotely, we plan to work with a property management company to oversee day-to-day operations.Does this sound like a solid strategy for a first investment property?

Happy to chat and get a game plan in place for you or answer any other questions you might have.

A trust transfer allows for smoother estate planning, and if inherited after their passing, the land receives a step-up in basis, reducing future capital gains tax.Each method has pros and cons depending on their estate plans and your long-term goals.

2) How long can your reserves support the negative cashflow3) What's your plan to solve negative cashflow long-term?

Fine-tuning your savings, building a reserve fund, and running detailed ROI projections will help solidify your plan for long-term success.Good luck!