As mortgage rates eventually drop, your cash flow should improve over the long term.

In terms of property management I have zero experience and wanted to get feedback on the hourly commitment so I can determine if I should self manage or get a pm.

It could also be worthless if they are only doing long term rentals since its all passive income...

Our long term goal is to become a business and own several rental properties.

We are moving to another home that we have renovated, and will be renting out our primary residence on a long-term lease.

However, older instances are to be considered more holistically, suggesting a more lenient approach to past financial or rental difficulties as time passes.Exemptions and Protections:Certain properties, particularly older houses that cannot easily be brought into compliance with current codes, are exempt from some source-of-income rules, acknowledging practical limitations in applying these rules universally.Landlord Liability:The ordinance provides protections for landlords in terms of reliance on third-party information to reject a tenant, mitigating potential legal risks associated with tenant selection processes.Fair Housing and Legal Compliance:All considerations of prospective tenants' applications must align with fair housing laws and other state and federal legislation, reinforcing the ordinance's compliance with broader legal standards for housing discrimination.

If you're not yet aware of this niche strategy whereby you can leverage your real estate assets (single family, multifamily, hotels, etc.) to generate significant long term cashflow, this is the podcast to watch. 

This will usually be an excel sheet, or maybe something fancier, that will outline, item by item, everything that needs to be done, parsing out every item, labor, materials, etc. 

Overall, I had a decent experience throughout the process as it generated good passive income and my involvement was minimal.However, now that I have more time at my hand, I am interested in making the process and my investments more optimal in terms of cash flow.

It's the same terms as a normal purchase, just finished after you cash close (to secure the property fast) with a 30-yr term.