However, if you feel you don’t need a tax plan that complex, there are tax planners who specialize in working with real estate investors and can help you craft a tailored plan that’s more affordable.

We have never financed a car before and have always bought used, driven it and resold for higher than purchased price after driving a year or 2.Since reading on here, if we find even a 2020 Honda with all the features with low mileage and cheaper, yes that would work too.

On the other hand, they will manage investor's unit as part of an 'apartment complex' (https://www.zillow.com/b/6734-summer-fest-drive-109-110-san-...).

This can range from a few thousand to several hundred thousand dollars, depending on the complexity and size of the project

Essentially that's what you described doing, but with the added complexity of the auction process.

What features are they wanting?  

Go to Etsy and search for "rental property tracker," and you will find hundreds of nice spreadsheets to track 10-20 rentals, usually for under $10.Software has extremely helpful features like online payments, marketing syndication (click a button, and your property is advertised on multiple sites), electronic document review/signing, maintenance tracking, and owner reports.

The rules are complex, and unequivocal.

I guess this also depends on how many rentals you have and what features you require in a PMS.

Commercial properties tend to yield higher returns but come with more complexity, higher risk, and longer vacancy periods, making them better suited for experienced investors.