The LLC sells the subject property and buys, for example, 3 replacement properties in a 1031 exchange. 

If you want to manage your own properties, I would highly recommend buying within an hour of your primary.

Additional features I like are free esigning and document management, online payments, tenant screening, maintenance requests, vendor payments, owner payouts, owner statements, communications at the  property level and with tenants.Portfolio currently consists of:Owned7 family long term 5 family long term 2 Short term SFManaged 2 Short term SFFuture plans for growth are to continue buying LTRs and managing additional STRs. 

It’s not a place where you can just buy anywhere and expect success.

@Rory DarcyRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

If she went to buy a house and applied for a mortgage, I think the lender would say the same thing aka you don't qualify until you get this removed from the credit report.

Buy a 2-4 unit, close to home.

This is an investment property (buy/hold) that I'm planning to develop considering the new 2020 laws.

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And what type are looking to buy, SF, 2-4 MF, or 5+ MF?