I have a few rentals with section 8, and they are professionally managed.

To be more specific about what i'm looking to do: My 1-2 year goal is to employ the BRRRR strategy with SFHs and Condos by buying distressed / highly undervalued properties that need work (preferably all-cash) in low crime areas with strong rental demand, renovate them within budget (again preferably all-cash) and get them rent ready before refinancing them at the highest ARV possible.

Quote from @Jeff Sanders: Hello all.In analyzing rentals, does anyone have a fairly accurate way of estimating landlord insurance in varying states?

Regardless of how you financed your rental property, you can generally deduct repairs and take advantage of depreciation schedules.

If not you will find it in the mailbox and can keep it until someone contacts you, or not.If folks change tenants and updated rental agreement are signed, we make it clear that we do not deal with divvying out the security deposit.

.✅ Hands-On Experience – If you plan to grow your real estate portfolio, managing tenants yourself can teach you valuable lessons about leases, maintenance, and local rental laws.✅ More Control – You’ll personally handle tenant screening, rent collection, and property upkeep, ensuring everything is done to your standards.✅ Stronger Tenant Relationships – Being involved directly allows you to build rapport with your tenants, which can lead to better communication and longer leases.Cons of Self-Managing❌ Time-Consuming – Dealing with maintenance requests, late-night emergencies, and tenant disputes can quickly become a second job.❌ Legal Risks – Chicago has strict landlord-tenant laws.

Also, no counties in Texas prohibit long term rentals.

Heads up, everyone: Dave Meyer and Henry Washington answered Alex's question during yesterday's episode of the BiggerPockets Real Estate Podcast: How to Buy Multiple Rental Properties a Year (Is It Possible?)

I have three single family rentals for three years and I now have my first horror story.

Rentals don't count.