If you've lived in your town or city for 5 or 10 or 20 years, you will know things about it I can never know and thus you have a distinct advantage over me when it comes to investing - you know what a good price is, what a bad neighborhood is, what house looks good on paper but is underneath the airport flight path, and so on. 

Those properties won't look as good on paper, but they'll perform MUCH better in real life. 

No broad cities cashflow great right now with managers, some look good on paper but they just have more costly hidden issues then the lower cap rate cities.

Here’s the deal (pun intended):Run the Numbers: If the deal makes sense on paper—cash flow, ROI, and all—trust the math, not just your gut.

Someone who truly loves you will understand Plus if they aren't planning or expecting themselves to leave you or cheat that paper will never be relevant.

-Paper folding machine, this will save you a ton of time.

Virtually no one uses paper checks these days and those have their own issues.

Low value low quality NP seconds.. the most volatile and risky paper on the market today.  

I’m old school and pen and paper all my expenses then jam a receipt in a folder for each property.

I've been researching whether or not doing a cost segregation study would be beneficial and while I don't think I could use the bonus depreciation for 2022 taxes a recent Bigger Pockets Money Podcast (#360) https://www.biggerpockets.com/... talked about carrying forward the paper loss for coming years and the benefit of doing one now as there is still 100% bonus depreciation which will decrease in the coming years.