I am in the Tampa Florida area and we in dire need of more LTRs for incoming residents. 

Also the ability to repay -  your source of income. 

I know for our portal in Buildium owners can log in and run different reports like income statements, profit and loss, general ledger, etc.

I am currently working to find ideal properties.

(I REALLY can’t stand state income taxes.  

After years of focusing on my career and building financial stability, I’m ready to dive into real estate investing and start creating passive income and long-term wealth.My short-term goal is to purchase my first duplex or single family rental. 

If you don't care about income and are more of a capital gain kind of guy, prices are already high (as you noticed) and there's plenty of land available to buy so I'm not sure how much is left in the tank.

The income of a property manager is dependent on whether you property is filled with tenants as well. 

@Melissa SejourRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

Investing this amount in passive deals might not provide immediate income, and you could end up waiting years to see returns (similar case in most investments.)