@Sean Gallagher - My initial reaction is that if you're thinking about a property manager to help oversee the daily operations you're probably at a point where you need to get one.

Had a newbie client that bought 5 SFR rentals and called us 3-5 times daily.

But there is no black and white guidance that I could find.And, in conclusion...1st conclusion: no FICA until the child's 18th birthday.2nd conclusion: tax law is muddy (I would add two capital letters, but it's a family-friendly forum)3rd conclusion: pay your CPA, we have to deal with it daily, and it takes skill

It is virtually daily that i see purchases or considered purchases that appear to have no path to success.  

Its already too many opportunities to fail if you are in the same town, on top of it daily.

It sounds like there's no consistent place to go to given daily rate changes, quotas to hit etc?

Often you are getting a pretty sizeable discount for your efforts, resulting in both captured equity and cashflow.The best ugly properties go quickly, so when I was looking, I got in the habit of searching daily.  

Almost daily I get a phone call of: "Hey, I am calling on your property listed for rent (that they are obviously reading because that's how they got my #), I was wondering, is it available?". 

I can't post much publicly due to BP's self-promotion rules, but if you have any questions, send me a message, or reach out to our support team who would be happy to help.We have almost half a million users using our platforms daily who absolutely love them.

Of those that do own a 2nd home near Los Angeles, many of those homes are weekend get away homes which are typically smaller than what they live in daily.