And if they are 50-70% leveraged, AND the equity is performing at 5-7%, then most people would be living off of most of that come and have only about 10% of it to donate or sacrifice.

That is very little money for the amount of work performed, but not only the onsite manager, but all the people behind the scenes that no one sees.

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!

Typically, pool homes or town homes with 4 bedrooms up will perform much better.

This will allow you to learn the ropes and minimize your risk as you gain experience.Monitor your investments: Continuously track your investments' performance, including rental income, expenses, and property value.

How often does family and friends disclose their tax/income to you, their credit scores, their performance reviews, etc.

I have partial ownership of an apartment complex in the Bay Area so there's rent control which limits cash flow but it's still performing well. 

Because the real work, the heavy lift, is going to be getting yourself into shape and educated to be a proficient well performing host.

My parents are looking to do a 1031 but they can’t qualify for a loan (the older property would only cover 60% of the new property) by themselves anymore so I’d like to do the loan under my name. Because I’m not an ow...

In your offer, you should request the ability to perform an inspection (you should hire an inspector, but also walk through the place and inspect it yourself), request copies of all contracts pertaining to the property (leases, service contracts like pest control, etc.), and request estoppels signed by the tenants.