That w2 still does not limit you to things like the short term rental loophole for instance, which can help you offset those painful CA taxes.

Through door knocking and finding the sellers motivation and pain points How did you finance this deal?

Also when purchasing properties try to stay from the Historic district, each city here in Hampton Roads does have them, and the Historic Preservation Commission can be a pain to work with.  

Spent some time looking through the forums to gain further knowledge and understand some pain points to be mindful of and just to know what the community is actively doing.

Would love to learn about pain points from other property managers.So I have a career background working in software and am currently applying simply builds to common monthly tasks such as sending, receiving, and logging payments for rents.

It's a huge pain so you want to make sure you are doing things right so that you don't run into any delays.

The first 5 times will be painful and frustrating - watch one of Brandon's or David G's videos on how to run the numbers - you'll become quick after a few dry runs.Just make sure you underwrite the deals against your Goals (ROI %, Cashflow $, potential longterm appreciation, etc), and run the numbers as if you're NOT in the property. 

Personally for me, the idea of investing in real estate isn't really about getting "rich" so much as it is just about being well diversified and having multiple asset classes and possible additional sources of income streams (I know the pains of poverty, bankruptcy, and being unemployed).  

Usually any tenant that will be a pain will straighten out very quickly once they receive their first notice. 

There's probably a little pain in the rent growth this year and rent has probably not caught up with sales prices yet, but market still seems good for the long term.