There are a lot of preventative/proactive things you can do, including, but not limited to;1.

New here, but have been reading the forums for several months as I consider real estate investing, but am having a hard time convincing my spouse the potential "hassle" of a poor tenant is worth the benefits.Our situation includes both of us working full time w-2 jobs and our primary goal is to assist in reducing annual tax burdens. 

We see the average Sect 8 tenant occupies a unit for 7-8 years before making any moves reducing turnover costs.  

It's important to be aware of the risks involved, including unfamiliarity with the market and potential travel costs.

Since you will basically be doing all the work including finding the deal, doing the construction and leasing/renting it out, that might make sense from a structure standpoint.

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.

Valuation for Property Management 3X to 5X Seller Discretionary Earnings or 1X to 1.5X Annual Revenue, depending on how well established the brand and reputation is in the market, market share, number of units, scalability, etc...Transaction Structure, never buy a Property Management business for cash,  you must include an earn-out structure or provision to protect the purchase against clients/property owners leaving post-transaction.  

.- rentals do not go under an S-corp, which is why a separate PM company was suggested- S-corp technique on reducing SE tax is both tricky and costly, and you cannot set up your salary arbitrarily- you can only base your 401k on the part that IS subject to SE tax- you usually cannot generate enough "earned income" from this 2-companies setup to make it worthwhile for 401kSee, it is not simple.

Upselling: Simply put: our coaching, educational materials, access to teams on the ground, lenders, and daily live webinar calls are all included from the start and there is no conventional “upselling” that is required to receive that value.Secret: I used to think that none of this was “that complicated” as you mentioned, but then when we started FlipSystem I realized just how lost so many newer investors are.

[Should i target a low priced property to reduce the amount i need to borrow?]