A business has an inverted financial profile: it is literally designed for cash flow.

Not everyone wants to do this, but thousands of dollars can be saved for those who do!

They owe us back rent in the thousands. 

For the truly ambitious, the right site could then be further developed (outsourced) as a "green cemetery," which I refer to as "selling $500 post holes" at a few thousand per acre.

I have extensive experience there doing about 500 deals , thousands of repairs/ renovations and move in and outsAll the best 

@Chris Kay to learn to properly DIY manage you have two basic options:1) Trial & fire on your own, hopefully not making a major mistake that costs you tens of thousands of dollars.- Once your time is more impotant to you then the cost of a PMC, you can hire one.2) Hire a PMC to guide you on your first rental and learn from their expertise.- You can buy additional properties and DIY manage those, perhaps leaning on the PMC for any issues you're not sure how to handle on your own.Good luck:)

A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant who specializes in real estate taxation, business taxation, financial planning and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.

If you owned a few thousand rental properties, you could argue that owning a private jet is a significant time saving tool and well worth the cost.

We have a property management company in New Jersey where we make some of our best clients hundreds of thousands of dollars between helping them force appreciation, increase cash flow, finding them deals etc.

I see landlords lose thousands, even tens of thousands, making rookie mistakes that they could have avoided with a little education up front.Once the first property is under contract, start again for the second.