I read an article in Forbes that talked about how certain areas can transform quickly if the fundamentals line up.

Most importantly, whether you do it by directly engaging the seller or hire someone (agent, broker, foreclosure consultant and etc.), you must research the local laws and regulations, which are State specific.

The BRRRR strategy is doable for a newer investor, but it requires a lot of effort, consistency, and hands-on involvement—it's not exactly a passive way to invest.Whichever route you choose, if you're taking on the bulk of the work to analyze deals and select the best ones, it’s important to ensure your partnership reflects the time and energy you’re putting in.

This article presents three key factors to consider before deciding that now is the time to sell/exchange: 1) regulatory, 2) economic and 3) personal timing.1.

@Blake KirbyHere's an excerpt from the Redfin article you referenced:"The metro area with the highest risk of a real estate dip during a recession is Riverside, California, with an overall score of 72.8 percent, followed by Phoenix (69.8%) and Miami (69.5%).

@John Cooper when you or someone you care about is living in the home it is important to be extra vigilant in choosing tenants.

We recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

Assess Your Goals and Current Structure: Beyond replacing your handyman team, it’s important to evaluate your portfolio’s current management framework and clarify your long-term objectives.How are responsibilities currently divided among you and any co-owners or family members?

The bottom line is it important to be on both sites in order to get the best coverage of the available guests. 

It is getting harder to obtain the licenses though so it is important to do clear checks beforehand.