What are the pros & cons of each, as well as the differences in the development process?

They disagree when they want the house cleaned as I didn’t establish house rules assuming they are adults and would figure it out.

Owners come primarily in two flavors...the Micromanagers, that know more than you; and those that prefer being oblivious and not bothered with anything but the most significant incidents.What I have focused on is developing solid systems and processes in all operations with the goal of prevention, rather than constant corrections.

I compared notes with an AZ investor and his property tax is half of my Indianapolis suburban rental (owned almost 11 years) and his house is worth twice as much. 

Account Closedkeep the house in Texas as a rental, and house hack when you move back to California.

My current goal is to start with house hacking and move on to long-term single-family rentals.

Last thing you need is a spec house sitting on the market too long.

Plan for the Long TermTax Planning: Understand tax implications and consider strategies such as 1031 exchanges for deferring capital gains taxes.Estate Planning: Develop a plan for passing on your real estate investments to heirs.Additional Tips:Stay Disciplined: Stick to your investment plan and avoid making emotional decisions.Continuous Learning: Real estate markets evolve, so stay updated with industry trends and regulations.Risk Management: Be aware of risks such as vacancies, unexpected expenses, and interest rate fluctuations.By following these steps and remaining committed to your goals, you can progressively build wealth and achieve financial freedom through real estate investing.

I'm in the Bay Area houses here are very expensive for me to start with. 

If the tenant is smart, they know they can take you through housing court for this and just simply stop paying any/all rent & fees owed.