Small operation the Property Manager will know you as well as all of your tenants personally.There is a trade off though.A big company is a proven entity whit proven policies & processes.

I want to build relationships with the community I invest in because you never know when you need help, I don't want to be just another slum load from afar.

It currently costs me around $1,000 just to own and operate while it is at full occupancy.

Dropping that load of hand written envelopes in the mailbox feels so good because you know you are on your way.

I’d run like a bat out of hell from a lagoon or a water treatment plant , though.Again, it is best to get some input from an experienced operator but consider this:  if a newbie who has just been reading books and listening to podcasts can pinpoint red flags, you know that’s a deal to run from.  

You will end up doing more damage than good and could lose a load of money. 

Develop an operating agreement that spells out the purpose of the LLC who has what role, who makes decisions, how are differences between the two of you resolved and an exit plan.Have an attorney draft up the document so each party is protected.  

AB 671AB 671 lowers costs through government incentives for building ADUs with affordable rent.The bill would require the Department of Housing and Community Development to develop a list of existing state grants and financial incentives for operating, administrative, and other expenses in connection with the planning, construction, and operation of accessory dwelling units with affordable rent.

Not to mention you can scale infinitely with a Series LLC.You can also set up an additional traditional LLC on the side to perform your "operations" that would separate the liability for operations from your assets, or properties.

Sure I've heard about dollar cost averaging and if you're in your twenties or thirties that might be a very viable way to invest in the stock market, but I'm in my later years and I'm not going to have the time to average a big-*** decline that's coming in the next year or two. many people just entering the market for the first time would be wisest to sit on the sidelines it's always at the peak of a market where the newbies get creamed.My treasuries have outperformed the s&p 500 in this past year and there's a lot of big investors like Warren Buffett are sitting on the sidelines with loads of cash.