So I will narrow my comments to the location, the Investment Team, and buying turnkey.LocationWith an almost infinite number of places you could invest, I recommend narrowing your location search based on the following criteria.Population > 1M - Smaller cities may be too dependent on a single industry or employer.

My industry has been hit hard by COVID and we are pending heavy layoffs, which is fine and may free us up to move back to Texas since we had a child here and need support.It turns out I have a friend investing heavily in Wisconsin and another in South Carolina.  

(btw Kiyosaki’s company just filed for bankruptcy).I personally find books about/from titans of industry way more interesting. 

For the rare tenant who still complains, if we think it is a good, long-term tenant with a clean house so likely the neighbors causing the issue, we'll just hire a service and set up auto-pay quarterly as long as tenant agrees to schedule quarterly treatments without missing them. 

I've never had any RE courses from university or any other formal education so I am going into the industry with almost no knowledge.

The note industry is "Get Rich" is NOT "Get Rich Quick" "Simple" but Not "Easy". 

@Jonathan SantiagoThe tax difference between capital gain vs ordinary income is HUGE.Capital gain - Preferential tax rates if long term at federal level, subject to regular tax at state levelOrdinary income - taxed at marginal tax rates at federal level + Self employment taxes + state taxesIntent is what differentiates between a real estate sold being subject to capital gain treatment vs ordinary income.

And, this language allows us to draw the conclusion that each series is disregarded under federal tax law, regardless of treatment under state statute.This should be rather simple to fix. 

Additionally, the house is at the back of a neighborhood and the lot behind it is getting turned into an industrial park/logistics center.

I currently work full-time in industrial automation sales.