I think the point is that the council tasked their employee to work with the citizens and she listened to both sides and spent several months putting together a very fair piece of regulation. 

Just seems like a lofty task, but if there are others who have done so, I am up for the challenge!  

@Raul Velazquez Jr Everyone is different - some with an accounting background or general knowledge about accounting can handle tax prep on their own with one, maybe two properties.Others like to put systems in place and hire out right away, to free up there time to spend on more valuable tasks and actions.If the latter describes you, I would say start speaking with real estate savvy CPAs ASAP.

Think of it as a task like vacuuming your entire house.

Worked hard, pride of work (sent me photos of his tasks not to inform me of the progress but because he was proud of the job), great attention to detail, could research what he did not know (smart). 

There is also task of backend automation to get any useful actionable data.Our automation solves all these issues and I will send details in a PM.

I'm pretty "anti" HML and private lending... since in the DFW market the homes that come about are just not good enough to make me want to go out and use other funds.

 - I'm sure you will be successful ... my advice was intended to reduce the difficulty of your journey .... to put it bluntly, without employment you will have an uphill battle acquiring property - A job makes that task EASY (maybe your wife has a job) .... sacrifice your "lifestyle" for a few years and then live however you want when you no longer need any income beyond your investment income - for me that was a 4-5 year processOn the multi-family, I say if you like it buy it --- As for the specific numbers on the 4plex....

., a industry specific cal center and "boots on the ground" (an individual who is local to the property who can perform the needed onsite tasks).

Congrats on taking your first step and remember to keep up with your goals and track them like you would any other project or task!