If this is an investment strategy you're interested in, read "The House Hacking Strategy" by Craig Curelop. 4.

My strategy was to manage my own and then evolved into managing for others.

Stretch goals for the year include: getting my partner started with a flip and providing support as needed - she's a REALTOR, works in property management, and is interested in flipping; begin a marketing campaign to test out wholesaling as a deal-generation strategy.

I also recommend attending local REI networking groups and meetups to connect with fellow real estate investors.Lastly, it's crucial to develop a clear strategy for your investment journey.

@Joseph Hammel,It is your rental business so it is up to you who manages your properties and how much you pay, but I would suggest that you discuss this strategy with your CPA to ensure that you are fully understand all the numbers. 

LO's are my favorite slow exit strategy and have been for a long time. 

I work with many investors here on the coast with multiple strategies(long term rentals, short term rentals, flips, Brrrr deals).

It seems like you are doing rentals, which is much safer than strategies like flips/BRRRRs - paying off your rental would lose out of a lot of equity you can tap into.

Richmond is a wonderful place for real estate investing, with its expanding economy, variety of neighborhoods, and affordable property prices compared to bigger cities.If you want to further your real estate investment journey in Richmond, it's important to stay informed about market trends, connect with fellow investors, analyze properties thoroughly, consider various financing options, diversify your portfolio, manage your properties effectively, and stay well-informed about real estate investment strategies.

I’d first suggest figuring out what your goals/strategy is.