@Stepan Fedetskiy section 8 can be good option if you have a good PM who maintains the property in good shape all the time as per the needed standards. best part is govt pays a portion of the rents so you dont have to chase tenants, downside the upkeep of the unit will eat up appx 20%. so its little tricky..sounds good on paper but when you go through one you will get an idea. i had 4-5 section 8's , 3 of them had no issues, but 1 of them had lot of issues and ate up all the profits.  

if my wife is paid 30% of collected rents to manage the property it will reduce my Schedule E profit.

What if I were to tell you the Investor A triplex was sold two years later for a $100K profit whereas Investor B is run down and exhausted from managing their four "C" neighborhood single family homes and when investor B goes to sell,  they can only attract break even offers because the only buyers who would step to the plate were investors who were not willing to pay retail with so much distressed opportunity available in the "C" neighborhood due to limited barriers of entry. 

Buyer from Miami, FL. 466% profit technically.

Also check out webinars by profit coach, Evernest, Lead Simple, Peter Lohmann, Wolfgang Croskey, and I know there are a few others, but thats a good place to start. 

But now managing my own stuff and now managing for other people, property management companies aren't these huge profit centers unless the company has crazy efficiencies or they nickel and dime for you for every last thing.

They typically create an LLC operating agreement to define roles, profit shares, and responsibilities.

Have you read Profit First by Mike Michalowicz?

It's definitely motivating helping other investors buy and sell and seeing what kind of profits are possible.

We’ve been serving our clients for 18 years and have generated over $300MM in profits by investing in the Jacksonville, FL real estate market for those clients.