There are also tons of different types.

MTR and Section 8 are very different niches with little in common so it's very difficult to provide advice on your question.

Differences (condition, bed/bath, age, amenities) are added/subtracted from the comps to determine the value of the subject property.

How long it takes to be financially ready is different for everyone.

@Don KonipolAll 3.I am a fund manager for my company, I personally also own real estate (rentals, land) and invest passively as well.Being the fund manager is what I am always most excited about.

Find a local, boutique property management company.

The tank had to be inspected and cleaned as oil dries in an empty tank and clog the pipes and furnace.We had the tank auto refilled, the oil company sends me the bill, and I in turn bill the tenant.

The german real estate landscape is very very different from what you are used to.

A single member LLC is disregarded for tax purposes, so the LLC doesn't make any difference. 

Now, I would of course be vetting buyers and making sure whoever purchases the deal has a solid track record and is a trustworthy individual/company first, but things happen.