Before moving out, test different strategies, automate management (smart locks, cameras, cleaning services), and decide whether to self-manage or hire a property manager.

I will give you my 2 cents in a slightly different way.My rule of thumb has been that if I didn't feel comfortable being at the property at 8pm with my little kids then I would not buy in that area.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

Yes, note investing is a completely different animal, apples to oranges.I do know that PPR has gotten a bit into multifamily investing, but I don't think that is their focus.

As you scale, make sure to factor in seasonality, renovation surprises, and buyer demand in different areas.

If possible, buy something different.

If someone says something off or incorrect, someone else with either more experience or different views can respond. 

It's no different than investors buying and negotiating low prices on distressed opportunities.

@Steve Smith I think enough is enough when you look in the mirror too many times saying "I need to do something different."

Being $50-$100 off one way or the other in a monthly payment makes a surprising difference in your rate of return.I'd also familiarize yourself with how you want to measure rate of return...