The #1 reason that Landlords fail, according to the American Apartment Owners' Association, is the landlord's failure to manage to the lease.  

I am a co-owner of GSP REI and the Vice President of Investor Relations.

Quote from @Melanie Baldridge: In 2025 the bonus depreciation rate is 40%.This means that if you bought a property for $1M in 2025, did a cost seg study and found $300K in eligible assets that you could depreciate, you could take 40% of that $300K as bonus depreciation to offset your income in the first year.40% of $300K = $120K.You then apply that $120K to the owner’s personal tax rate to find the final amount that they can defer in year 1.If your tax rate is 37%, you can defer $66.6K.This is a big deal even at the 40% bonus depreciation rate this year.It’s a massive benefit 

Parts of Garden City Beach are prone to flooding, so if you're buying a single-family house you'd definitely want Flood insurance. 

It's unfortunate that with little exception, I find most of these club owners and their speakers obnoxious.

I am now connected to and working with another owner and managing her property under my portfolio as well.

Begin by educating yourself through books like The House Hacking Strategy and podcasts like BiggerPockets, and join online communities for support.

Or talked to owners of an existing one that looks like it is from the 90s to see if they would like to sell?

But mostly buy a house with a large lot in a high-density area.   

The property managers fees should be philosophically aligned with your goals as the property owners.