You might be surprised, but your rental properties have more in common with dividend-paying stocks than you think!

Of course my nosey self had to go look up your rental property.

Quote from @Robert Smith: First time post, apologies if in wrong spot, this seemed semi-appropriate.Wife and I have 3 rental properties and 1 home, all in CA. 

For newbies, I recommend starting with a turnkey cash flow rental.

Being in Arlington, you’re in a prime area for finding multi-family units with strong rental demand, so you’re in a great position to make this work.We’re excited to have you here and look forward to hearing more about your journey!

.: Quote from @Edward Toomey V:I’ve had rental properties for over 22 years.

Currently my husband are out of state investors with 3 single family rentals in KC. 

-------------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

Include a buyout clause allowing you to transition to sole ownership after two years, based on a pre-determined valuation formula or market value.Use an LLC to hold the property for liability protection and pass-through taxation, ensuring both partners benefit from depreciation to offset rental income.

Working with the city to find a solution.There is a similar situation near me where an investor bought a short term rental house, rehabbed it, ran it for a while, and then got in trouble with the town after a neighbor complained and the town said short term rentals weren't allowed in the community.