Additionally, how should I prepare for the landlord role in terms of property management, tenant screening, and maintaining a good relationship with my tenants?

I thought the rule of thumb was that for a SFR, it’s 200 dollars and for a multi family, it’s 100 dollars per unit and it was considered ok.

I thought I could grow a portfolio of cash flow producing real estate in lower tier neighborhoods but after speaking with a number of people through this platform and elsewhere, its a losing proposition.

You may want to consider working with your tax strategist remotely to expand your options.I would also recommend looking for a tax strategist who is willing to work with you throughout the year, not just when preparing your tax return.

Since today is the deadline to file 1099s with the IRS for all contract workers, I thought I'd share a simple "best practice" for getting the paperwork done.Print out a short stack of W9 forms to keep in your car or bag, and hand one to EACH vendor upon your first meeting (or at least before you pay them). 

Two parting thoughts - your real estate and finance degrees are not going to help you.

They are a little harder to come by than I thought but I’m patiently awaiting the right deal.  

I own a few rentals and it has been hard to find a deal that will work, I help other investor clients do flips, so I thought it was time that I started with the strategy too.

I appreciate your thoughts because I def didn't think about refinancing.  

My wife and my professional careers offer *positive thoughts!