It might make more sense to hire someone full-time on the ground to manage the day-to-day.For tools/systems I think you're going to be looking at the main property management software providers.

To land another FhA without refinancing, the 100mi distance is going to be the main requirement OR underwriters want to see a major life change (having kids so you need a bigger unit is the most common scenario).

My main strategy that I will be focusing on is fix n flip but also open to any opportunity that is presented.Big things are ahead! 

Ensure you work that into your expenses when underwriting.Answering your questions:Experience - Location is really your main driver here.

. - The main question here is do you qualify as a real estate professional according to the tax code.

In the beginning mainly figuring out logistics for turnaround between guests and dealing with any issues, particularly, for out of state.

Of all the lenders I know who have clients that do this (purchase in personal name and quit claim to LLC), none have ever had that happen - the main thing is to make sure you just keep paying your mortgage, and this would be a good conversation to have with a lender. 

I am here seeking professional advice from someone who has walked the walk and can guide me where to go from here.Some of my goals are listed below:My main goal at the moment is to find assistance in forming a financial plan with the help of a mentor.My other goals once I have established a plan:- Short Term: "I will obtain a cash flowing real estate property within the next year.- Long term:  "I will have more than or about 5-10 cashflow producing assets making me 5-10k a month in profit. 

If you prefer rentals in B or B+ neighborhoods instead (mainly for higher tenant quality, lower crime rates, and better long-term appreciation potential) and don’t mind broadening your search beyond Huntsville, other more affordable locales in Alabama—like Birmingham, the state’s largest city—could be a good fit.We’re active in suburbs on the west side of Birmingham like Adamsville, Forestdale, Sylvan Springs, and Pleasant Grove, and a good portion of properties there meet the 1% rule.

Purchase price: $179,000 Cash invested: $15,000 Lived in the property for 1 year.Knocked down living room wall, replaced Hvac, floors and gutted and remodeled the kitchen, attic insulation, converted the living room and the dining area into rooms.