I highly recommend this for newlyweds or if you are engaged.

I recommend spending a little time on goals and a lot more time on systems/processes (analyze X markets, Y properties, offer on Z opportunities, etc.).

I do not recommend putting cameras on the property.

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My buddy does dozens of renos out there, happy to recommend.  

Please keep in mind that we do not want recommendations for strategies involving financing, as we want to get some core holdings that produce immediate cash flow and not have that NOI reduced by loans at current rates in light of the current cap rates.Also, just FYI, we are in California and no way to get around that residency in time to reduce state taxes.

Once you have a modern system I highly recommend the Honeywell 9000 series wifi thermostats!

My recommendations would be to re-evaluate the price point and make sure it matches other properties nearby.

Another important consideration is whether you plan to manage the rental yourself or hire a property manager to handle tenant issues and maintenance.I recommend starting by answering these questions.

Most professionals will recommend a separate LLC for every $1 million in assets but I don't think that's necessary.