But could a potential approach look something like this?

Your current approach leaves your PL exposed to any title flaws that might arise.2.

Welcome to BP @Cory M.Your approach to starting with a single-family or duplex and gradually scaling up is sound, and focusing on cash flow and maintaining reserves is a prudent strategy.

Any general advice, particularly for someone who’s relatively new to managing multiple properties, would be incredibly helpful.Thanks in advance for your insights!

This approach allows you to ease into being a landlord while building a trusted team.

I’d love to hear from anyone who’s been in a similar position or has advice on how to approach this.

While your parents may have experience and a simpler approach, even with just two properties, you could miss out on key deductions like depreciation and interest without professional guidance.

That's why I created a step-by-step approach for the investors you genuinely are trying to help, but cannot be deterred from continuing down the misguided path their mentors, coaches and gurus have sent them: 1.

It might serve his needs too, but his approach fits my temperament and how I want to do business too.

I've worked for several PM firms in the area and one company stole like 30k in commissions from me when I no longer wanted to work at their god awful company.I can definitely advise you on some property management companies to stay away from, as well as some new and upcoming property management companies in the area that are taking a more hands on and professional approach.