I work a high-demand W2 and self-manage 30 units, with intent to move to 50 units shortly - but I also have 0 expectations that I’ll leave my W2.

We have a 14-page management contract that we've added our real experiences to over the years, with the intent of protecting both us AND the landlord.

Lastly, 100% let your insurance know your intentions.

I have no intention of quiting my W2 and just want to invest where I will get some extra cash for kids activities without eating into family time.

@Casey Coffey The house your friend told you was being fixed up, what was your intent when you talked to the owner?

Try looking into zillow/Redfin and see what your potential rents you can get near the neighborhood by filtering the bedrooms/bathrooms of the intentional property that you are planning to buy.

My intention is to actively participate in this venture for the foreseeable future, committing to a timeline spanning the next 10 to 20 years.5.

We have separately been involved in investment real estate for several years, and we are now planning to start a new business together with intent to invest in long-term multi-unit rental properties in the Carolinas. 

one would almost suspect intentionally so, to encourage business, lol.   

But it takes intentional investing.