These options offer economies of scale, simplified operations, and reliable income streams from tenants.

This can lead to more opportunities and partnerships.Market Understanding: As a property manager, you'll gain a deeper understanding of the local market, which can be invaluable when you start acquiring your own properties.Steady Income Stream: Property management can provide a consistent income, which can be particularly beneficial in the early stages of your real estate venture.Skill Development: You'll develop a range of skills from customer service to maintenance oversight, which are crucial for successful property ownership.Brand Recognition: Establishing a presence as a reliable property management company can boost your reputation, making it easier to attract tenants and investors when you start acquiring properties.Cons:Time Commitment: Property management can be time-consuming, especially if you're dealing with multiple properties or demanding clients.Regulatory Compliance: Staying compliant with local laws and regulations requires diligence and can be complex.Conflict Resolution: Dealing with tenant issues and conflicts is an inevitable part of property management and can sometimes be challenging.Financial Risk: There are financial risks involved, including late payments or damage to properties.Market Fluctuations: The property market can be unpredictable, affecting both rental income and property values.Overall, starting with a property management company can be a smart way to enter the real estate space, especially in an area with a clear need for such services.

I have not seen any "main stream" versions of this just back country engineering but it's a solid concept and works well. 

When you talk about replacing income, the safety of that cash flow is much more imperative, since presumably you are living on it, too.And then you combine both thoughts: safety in income stream to live off of, and cap rates/yields from assets.  

It will stream live on Facebook and Linkedin. 

The city's strong rental market driven by a growing population ensures a steady income stream.

I look for motivated sellers to buy at 1 to 1.5 multiple so I can get 100% money back in 1 year to 1.5 years and then have full investment back and pick up the cash flow stream.

So yeah I am currently learning alot on how to "equity stack" as Kai calls it on deals, bascially multiple streams of income from 1 deal.cheers yall!

PRELIM LAND PLANNING- do a preliminary layout, please remember stream buffers, specimen trees, ANY jurisdictional waters (its a good idea to have you county water systems guy come walk your property with you to verify any jurisdictional water systems and what the required state and county buffers are for those systems).

The upside to holding as a rental is, presumably, you have an income stream for a while, so you take reinvestment risk out of the picture.