Goal: I’d like to buy my first rental income property in the next year.

Sounds like the BRRRR method could be a could way to go about that if you're open to properties that need some TLC as opposed to ones that are turnkey. 

Follow steps like planning, financing, hiring contractors, managing property, marketing, refinancing, and working with advisors.

I recently learned that if you owner occupy a residence for part of the 5 previous years before sale, and you rent it for the remaining time, you can calculate the percentage of time the property was owner-occupied (and thus qualifies for the sec. 121 primary sales tax exemption of up to $250k for single filers) vs the time it was being rented (which qualifies for 1031 exchange) and claim both benefits. https://hcsequity.com/blog/combining-1031-exchange-with-121-....How does this work for a multi-family?

@Gabriel ShapiraThere are multiple software tools for investors depending on what part of the business you want to automate most are for acquisition or property management.

My end goal is to have multiple properties that generate income through long term rentals.

Hey Ryan,Did you already buy the property with cash?

When the property is owned "Free & Clear" There is a lot of flexibility when the property is free and clear.

Hiring a property management company is a decision that requires careful thought.

I am not an investor, well, not an investor of real estate property.