We recommend RentRedi for tenant and lease management. 

Requiring raising preferred, probably impairment to early investors may happen.

For the first 4 loans or so, lenders are going to be less aggressive (requiring more down) than if you have several under your belt.

I’d like to add that it’s also landlord-friendly—licensing is not required and there aren’t any rent control laws in the state.Likewise, both Greg and Eric have already spoken at length about Montgomery, but I want to draw your attention to a few other under-the-radar markets in the state that also have the potential to cash flow well.The places I had in mind include suburbs outside of Huntsville proper, like Decatur and Hartselle.

Do you have any recommendations?

Because this is your first rental property, I would recommend finding an amazing PM company and paying them what they are worth.

I personally would recommend it but it isnt the best run 3 day. 

What strategies do you recommend for scaling my portfolio?

I am in Brent Daniels' TTP Mentorship (which is excellent - HUGE value) and he recommends Batchleads (but not their dialer - for that he prefers Mojo) and I think I should just stick to what he said, but I have serious "shiny object syndrome" - my bad ;)!  

You could also use a Fannie May Home style renovation loan which a conventional loan and require 5% down vs.