These can provide good cash flow and are easier to manage than larger commercial properties, especially when you're just starting out.Also, when I was starting, I found local meetups super helpful.

Also, tenant management was a very delicate process while changing from LTR to MTR/STR

It took quite a good time (~6months) even with a property manager but finally found the renter after rent decrease by 200$.

If one of you actively manages the property, pursuing Real Estate Professional Status (REPS) could unlock full deductions against W-2 income.

I am just a beginner wholesaler so I haven't done much marketing/lead management yet.

Typically corporate/bank owned homes are managed by an asset management company.

.: @Srikanth Kumarjust curious how you plan to manage a BRRRR from out of state. 

It’s a little more work to set up, but if you get a solid property manager, it’s not as scary as it sounds.If I were you, I’d keep digging into the Capitol region, NJ, and CT—compare the numbers, and maybe even start building connections with agents or wholesalers in those areas.

First of all, I love the morality component of it.

Contact me PlzPS - Since 2003, Dean & DeWitt Property Management has helped investors buy, sell, and manage investment properties in the St.