Replying to this older topic - we've just put up an article on the BiggerPockets Property Management toolkit about this:Should I start an LLC for real estate investing?

I just read a WSJ article about Tampa, and homeowners there are frustrated because they can't sell their houses... for 5-10% more than they paid for them 1-3 years ago.This could create a self-increasing dynamic.

This is a really good article that has a lot of questions to ask any potential property manager so I would start there: https://www.biggerpockets.com/blog/questions-to-ask-a-proper...

This article gives a very helpful starting point.https://www.biggerpockets.com/blog/core-four-real-estate-teamThere are a lot of markets that do have a large selection of MFH that cash flow.

These companies typically charge anywhere from $200 to $500, and they take care of the Articles of Organization, EIN, and operating agreement.

Also, check out this BP article: https://www.biggerpockets.com/blog/brrrr-loans-what-are-the-...

They finally gave up and decided to rent out their home for $11,000 a month and ended up with a squitter and another article about them https://therealdeal.com/chicago/2024/09/16/homeowners-sue-pr... 

A lot of forum members are experts in their respective fields related to real estate investing, whether that is real estate sales, wholesaling, flipping, buy and hold investing, lending, self-directed IRA and Solo 401k investing, or tax and legal guidance.If you haven’t been to it already, the Bigger Pockets blog features links to their fantastic podcast and many great articles: https://www.biggerpockets.com/renewsblog/The site has quite a few tools that can be helpful for new members.

Read this article from GoBankingRates on the best states to own rental property and you'll see Ohio takes the #1 spot.Best And Worst States To Own A Rental Property 

Take a look at BP's blog where new articles are published every day: https://www.biggerpockets.com/blog4.