We are a boutique firm in Chattanooga and every agent in our firm is personally involved in either real estate development, owns investment properties or flips homes. 

@Namal Burman, your post caught my eye because I had a former client-now a good friend-who found herself in a similar situation.

Once you narrow down your markets, you can keep an eye on the markets and become attuned to them.

That could involve mediation or court, OR possibly if nobody takes an action you may simply be awarded the EMD back after a certain time period.

When people take advice on here, they need to consider all things involved and not run with one perspective.

@Vidit Maini Starting your business as an LLC taxed as a C corporation offers flexibility but involves double taxation unless you elect S corp status, allowing profits to pass through to your personal return.For tax savings, deduct startup costs, track business mileage or vehicle expenses, and consider a home office deduction.

I'm looking to get involved in this space, too. 

HoltonWise is currently involved in litigation on the topic.

A lot of it has to do with location and time.If they are local owners looking at 1-2 LTR properties, I'll assist with identifying cash flowing/near cash flowing properties, assist them in the purchase as their buyers agent and assist with tenant procurement, listing, etc. but they can typically handle day to day management from there.Furnished properties, whether that be MTR or STR, are a lot more involved, as I'm sure you're aware of!

Obviously you can maintain a stronger presence and level of involvement investing in properties near you.