Quote from @Heather Rummel: You can manage it on your own, but it takes a lot of work to educate yourself, particularly in the most heavily regulated corner of the world.I would start by calling around to property managers in the area for help.

I found a very distressed property just around the corner from where I live that just had a "For Sale" sign go up with an agent attached.

If you want to meet some great local folks investing in real estate too, check out the meetups forum section for some upcoming real estate gatherings.

But, could I minimize risk of renter defaulting on payments for the 2nd property by turning this property into a section 8 housing unit with guaranteed income from the gov't?

Does this mean I won't have section 8 anymore?

Whats not to do with 12 million is the real question, I'd say start with 1 fix and flip and see if that's to your liking.I would get into a house in the 700k with Hardmoney preferably an ARV 950-1m Also I would look into out of state section 8 properties that you can utilize the BRRR strategy.

You should have a great mortgage banker in your corner.

Eric its all in the realtor lease there is a section for parking on 1st section. 

Hi Angelica, I would look for a local meetup - there is a meetup section under "build your team" at the top of this site.

Also has flowers supporting a butterfly garden in one section.