That property looks fantastic actually, I think sorting out the budget would be our biggest challenge.

I would also recommend paying attention to the landlord restrictions, rent control and overall laws as it relates to owner/tenant relationships.

A kitchen fire in the back unit got a little out of control and burned up to the roof.

Fantastic book and the author hangs out on this group very often.

Here’s my recommendation to get it under control: For a quick fix, start by sealing up any gaps using acoustic caulk around outlets, baseboards, or other small openings.

As a rental strategy for non owner occupants, it absolutely is a fantastic way to generate the highest return, that's true.....but also, and most importantly, your screening has to be on point, and without that, it won't be as effective because one bad roommate can ruin the environment for the other roommate tenants. 

Have yourself own an interest in the LLC, and have another entity you control own an interest and be the manager.  

Hey Bree,It's fantastic to see your excitement... it reminds me of a friend of mine who was in your shoes not too long ago.

I've been a member of GAREIA for about a year and it's been fantastic - lot of people in that group that are experienced and excited to help the next gen investors.https://gareia.com/Feel free to PM me or reach out to contact info in bio - would be happy to help however I can! 

No state income tax, no rent control, and a straightforward eviction process make it one of the more landlord-friendly places to own rentals.