Then when you've found them, look at negotiating the fee and see if you and them can align on a number.

Memphis also has a diverse economy and a growing job market, which helps stabilize rental demand.Moreover, Memphis has a strong rental market with a high percentage of renters, which aligns well with a long-term passive income strategy.

Instead, I should:Record the net rent (gross rent minus PM fees and expenses) as income in QBO.Log any additional expenses I directly pay, such as mortgage payments, insurance, property taxes, and other business-related costs like gas for business travel, meals, business licenses, and office supplies.Does this approach align with the correct practice of differentiating property accounting from corporate accounting?

This doesn't seem to align with someone who has 20 contracts.

For longer-term holds or more complex deals, IRR and Cap Rate might take center stage.It’s all about what aligns with your objectives and helps you make the best decisions for your projects.

Knowing your “why” can help reduce anxiety by aligning your actions with your long-term objectives.

Create a simple spreadsheet or written list to compare the features of each and identify the ones that align with your requirements.

"I was particularly drawn to this type of investment because it aligns with several of my long-term goals.

I think you're recommending a more detailed analysis involving the age/condition of all the building components/systems and prorating those costs out over time.

An important note is, make sure that whoever you end up learning from aligns with your core values.