Location: Central CaliforniaI also have an online store that brings in 150-200k NET per year and that’s what we live on and use to build a savings.

Any tips for me or any best practices from fellow investors whose been in this industry for a while now?

There's also no correlation between deeds and permitting and if you feel the assessment is too high you can always appeal the tax assessment.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Honestly being only an hour away is pretty ideal to be able to slowly transition to full hands-off operation through automations and having local contacts for on-site work, just gotta start testing things out and see what works best!

He has about 15 years of extensive experience in those fields and has been highly successful in each of them. 

We recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

Memphis also has a diverse economy and a growing job market, which helps stabilize rental demand.Moreover, Memphis has a strong rental market with a high percentage of renters, which aligns well with a long-term passive income strategy.

I wouldn't recommend jumping into the industry and charging a fee when you don't have set systems and processes yet---could leave a bad reputation.Another option is investing in a coaching program and having people who have already succeeded in this industry guide you in the co-hosting space. 

Landlord friendly, low taxes, no rent control, and strong metro growth make it a high quality investment for a lot of investors.