Hey mate,Thick skin is needed on this forum and in business in general 🤷‍♂️I just posted something similar on another thread and the best advice I can give is spending enough time finding the right people on the ground before looking at the prospect of a market or a deal.Especially when doing BRRR out of state which is a very tough gig IMO.You can find the best market, with the best growth potential, find the best deal with the best cashflow but if your realtor isn't genuine, your property manager is incompetent and your contractor is a cheat.You will loose money.Also, underestimate your income and overestimate your expenses on every deal and business opportunity.If you think it won't happen to you, I can tell you right now that it unfortunately will...I've completed hundreds of flips and rarely come in at budget from a rehab standpoint.So keep that in mind.Appraisers are a joke and easily manipulated.They follow weird data and many want to cap you intentionally (No idea why...) on the ARV.They play it safe and can see how much you paid and what you spent on rehab so they will cap the value and come in under fair value on many appraisals.I stopped dealing with selling to investors looking to finance many moons ago as it wasn't efficient from a business perspective and I'm not in the business of using "in-house" lenders and manipulating appraisals like many others do. 

There will always be more risk with something vacant, you're probably going to be counting on one person as your "eyes" on the project (or at least for "security", overall)- and the more hands on/ closer they live / able to visit site frequently, the better. whether that is your gc, a project or property manager, or your handyman/even yard maintenance guy, neighboring teenager, or whoever- this person is key

Oklahoma City agent and property manager here.

The LLC structure gives more control to manage the tenants if I remember correctly.  

I’m a local real estate investor, broker and property manager in Biloxi!

No managing your own 2 properties is not property management experience.

They have good credit and generally manage their money well.

Hi Ariana-Congratulations on deciding to become a real estate salesperson.You asked about passing the exam to be licensed in California and business in general.As far as passing the exam, I remember taking my real estate coursework at night, in person, after work.

To manage properties effectively, ensure tenant satisfaction, maintain the property, and handle legal matters, hiring a property manager who is a member of the National Association of Residential Property Managers (NARPM) is an excellent choice.

Make sure you manage this well in the future!