Trustin your PM partner is important and they will follow your lead, so don't expect them to provide you with your business plan. 

Yea I have been talking to some mentors and they have stressed the importance of having instant equity and multiple exit strategies in a market like this.

I've learned that it's extremely important to find balance in this industry as your passion for your business can impact your personal life greatly!

Another benefit is it is much easier to diversify into multiple markets, asset classes and operators.Just wanted to share an alternative - often active investing is the way to go, but it really depends on the person and it is important to know that there are passive ways to accomplish your financial goals.Good luck!

One of the most important steps you can take as either a startup landlord or seasoned one is to use a platform specific to property management as it will elevate your operation and save you tons of time.The good news is that nearly every software designed for landlords includes these features.

It's important to choose that one and commit to using it.

It's always important to screen anyone you are doing business with. 

Make note of some important ratios and percentages such as COC return, IRR, CAP, yearly maintenance vs acquisition price, etc. 

If you're looking for strictly cash flow and that's the most important, I definitely recommend going with Cleveland.

I’ve learned about people, property management, and (most importantly) myself.