There's plenty of opportunity for small multifamily around the metroplex that will generate better returns and fit more neatly into your existing (successful) policies and procedures than seeking riches from afar. 

I leased a property in the Central District in February and there were no problems because I followed my procedures and policies

But that's no guarantee.And, you can follow all good screening procedures, professionally run your business, and don't get too cozy with your neighbor/tenant.After that, roll the dice. 

If you want your rental to be successful, you must continually educate yourself, have strong policies and procedures, and be prepared to take action against bad behavior.The best thing you can do right now is start looking for a professional property manager.

Create an LLC, transfer ownership from your personal name to the LLC, and speak with a real estate attorney to streamline this procedure.

I had an introductory phone call with Zach (this is his standard procedure) and we discussed my goals and then he explained his business, how he got to where he is, how the business could help me reach my goals, etc.If you would like more information, feel free to reply here or I would also be happy to connect!

We have all the same rules and procedures and use QBO for as our accounting software with all forms of payment accepted- online, ach and regular mail.We encourage communication. 

It falls under the automatic consent procedures, so it does not need approval - it could still be audited though 3.

You should have your attorney review Revenue Procedure 2002-22. 

Some rules/procedures may differ from state to state, so it never hurts to have a contact in the different states you plan to be in.