I went to a conference that was coaching this strategy. 

Every system you try will have flaws, or you may salivate over a feature that appears in other software.Some familiar names are mentioned frequently: Stessa, Apartments.com, RentRedi, TenantCloud, Innago, RentManager, Avail, Rentec Direct, Doorloop, etc.I recommend conducting thorough research on each app online to understand their offerings, pricing, etc.

If you are going to also conduct business in the outer boroughs, Long Island, Westchester and Rockland, then you'd need HGAR. 

I would conduct an inspection, determine the cause, and make the repair.You shouldn't keep tenants who habitually pay late, but there are various factors to think about and I can't go into all of them.

He didn't even acknowledge a blistering letter from the PM in which she documented that the tenant's aggression and a threat from his spouse on the final day made her feel unsafe to press for and conduct a walk through, which the tenant had been putting off.

Conduct thorough due diligence since REOs are often sold as-is with potential issues.

The bill states the Auction house conducting the sell can not start the Auction below 67% of value of the property. 

However, this is a difficult qualification to meet, especially if you have a full-time job outside of real estate.Don’t worry if you aren’t able to qualify for REPS status, because there is another strategy that is referred to as a “loophole”, which is the STR strategy.Per Section 1.469-1T(e)(3)(ii)(A): there are six exceptions where your rental property income is not automatically considered to be “rental activity” and thus may unlock the door for being able to offset these losses against your active income.The average customer use is seven days or less.The average customer use is 30 days or less and significant personal services were provided (for example, daily housekeeping).Extraordinary personal services are provided, regardless of the duration of customer use.The rental is incidental to a non-rental activity.The property is available during defined business hours for non-exclusive use by various customers.The property is used in an activity conducted by an S Corporation, partnership or joint venture in which the taxpayer holds an interest.If your property qualifies by meeting one of the exceptions above, the next step is to demonstrate material participation in the rental activity.

You have already posted this in another forum.You have to be where investors are and that means real estate investor meetups, conferences, etc., but you won't get anywhere with them if you don't have the experience yourself to work with them.What value can you add now? 

Distressed homes are hard to find, and I am learning that I don't have the fortitude to withstand the rehab process.My goal continues to be finding residential and commercial (office/conference space) property for rental purposes over a one- to five-year period.