@Steven NguyenThe BRRR method is a solid strategy, but careful planning is key.

I definitely would pay attention to key macroeconomic stats such as population growth, job growth, and where companies are moving/developing.

I used the radiator key to let the air out and 10 mins later the radiator was hot.

(I recently saw an article in Forbes talking about the Bay Area’s shifting market) And if you aim to hold properties long term, keep your eyes on towns around the Bay that have had consistent rent growth.Here in my home market of Phoenix, I see investors branching out to places like Austin, Chicago, and even Omaha from what Ive heard because they recognize how trends can shift quickly.

Key findings?

Here's an ideal PM contract: The two keys are: The PM is incentivized to make you money, not charge high fees, and is contractually bound to provide reporting that you can understand in a timely manner. 

Staying flexible and partnering with a skilled property manager or agent would be key to achieving long-term success.Good luck!

Meeting the material participation hours is absolutely doable, even with a property manager, as long as you stay actively involved in key tasks like marketing, bookings, and bookkeeping.

The key is understanding your risk tolerance, time commitment, and financial goals to find the right balance.

I'm fairly handy, but just to balance things with my 9-5 job, focusing on something that just needs superficial updates or something nearly turn-key is probably best.