This attracts a higher-quality renter, ensures funds are available to maintain the home, and reduces the risk of major losses.

I currently own 4 units in 8 unit complex and i had to pay from my own pocket for cutting down trees because hoa has no money and the other units members dont' want to pitch and could care less also they dont' maintain there budlings which makes the complex look bit down. 

This strategy allows you to buy one rental annually while maintaining stock market diversification.

I’d say investors that choose better locations and better properties within those locations will have a much better chance of success as the big risks will be minimized (by better properties I mean with less deferred maintenance, not necessarily newer but newer can sometimes reduce operating expenses, or older with “good bones” that are well maintained, especially if you’re needing to outsource any work and manage it remotely).

If your place is very well maintained you may be able to achieve higher than average returns.

Most properties are landscaped with water conservation in mind and therefore you don't have the expenses or hassle of maintaining large lawns, high water bills, large tree maintenance, etc.

That's hitting the 2% "rule", and if you can maintain regular rent on that you've really hit a home run in today's market.

This eliminates the requirement for a new down payment since you are refinancing the existing debt.Lenders typically require:A copy of the owner-financing agreement.Proof of on-time payments (6–12 months).What to Do:Find lenders that offer rate-and-term refinancing for owner-financed properties (portfolio lenders and DSCR lenders often do this).Maintain a clean payment history.” 

- Having minor maintenance taken care of at no cost - Regular cleanings and maintenance so small issues don't become big issues- A hands off tenant who never bothers the landlord- A property maintained in new condition because it's in the tenant's interestI used to do primarily rental arbitrage but shifted to STR/MTR property management.

Just keep in mind, the costs of setting up and maintaining an LLC and the bank account that goes with it, not exorbitant but important to consider.I'm not a CPA or an attorney, but I would suggest taking the time to diligently put together a trusted team to facilitate your long and successful investment journey!