I'm picking up on this thread as currently trying to narrow down my property manager search in Houston.

An agent would be invaluable to you to pick through each of these neighborhoods.

Also, when picking a lender, make sure you pick one that is very familiar with BRRRR strategies, has access to hundreds of lenders to shop the best Hard Money and Refinance partners for you, and that can give you advise on the front end.  

I understand equity and cash-flow are related, but what I mean is that I don't need the cash flow right now as much as I'd like to build a strong portfolio that can cash flow even more later on.I've owned a single-family rental for 4 years, but on mulitple fronts I felt like I've done a poor job self-managing it, so this Fall I picked up the Turners' book on managing rentals and that's what led me here to Bigger Pockets online.

This is definitely an important step to learn and I hope to pick up a few pointers from your PP Account Closed.

.)- If use the property more than 15 days or 10% of the time it becomes a residenceI suspect this is part of why the STR trend has picked up so greatly amongst professionals working in tech.

Pick a desirable neighborhood where your home will appreciate and go for it!

You may always pick up Umbrella insurance on your property in your name in the meantime. 

So if I had to pick just 1 thing as "the" biggest thing in Commercial space to monitor for determining biggest impactors to market prices for MFH, without doubt it's COST OF CAPITAL. 

If it is, I will certainly pick it up and give it a read.