A single member LLC can be cheap to set up - a few hundred bucks between state registrations and a legal zoom operating agreement. 

Investors and operators should monitor employment trends and household formation as key demand drivers going forward.

There are many virtual meetups that happen every day of the week to network with other operators and investors to ask questions and learn from presentations.

This would be both a risk mitigation strategy as well as a bite size learning opportunity as I intent to manage close to all aspects of these for at least the short term (want to be an expert in the day-to-day operations before hiring this work out). 

The switch happened before my employment began, so I don't know how Yardi operates or why we left, but Appfollio is fairly simple to use.

Find a local agent who's familiar with your target market and a property manager to handle the day-to-day operation.

The Fair Housing Act may not apply to the following types of housing in some cases:Owner-occupied buildings with no more than four units,Single-family housing sold or rented without the use of a broker, andHousing operated by organizations and private clubs that limit occupancy to members.Again, talk to HUD and see if you are exempt, then you can put this entire issue to bed.

I think you're a bit too far away from my current area of operations right now. 

Cashflow is tight on most deals as rents have not fully kept up with home prices/insurance/taxes/operating expenses.

Owners come primarily in two flavors...the Micromanagers, that know more than you; and those that prefer being oblivious and not bothered with anything but the most significant incidents.What I have focused on is developing solid systems and processes in all operations with the goal of prevention, rather than constant corrections.