It wasn't fun living an hour and a half from work and play, but absolutely worth it.If one is starting with relatively low living expenses, cash flow can be extremely powerful towards reaching financial freedom.

Financial terms.  

keep it to 1 page is my best advice and simple. have financial returns broken out beforehand 

Also any tips for automating this as much as possible and how to protect the property financially and property management would be appreciated.I ALMOST understand the rental arbitrage strategy if building a company scaling with say 30 + units and looking for high short term cash flow.  

The agents are charged for this service no matter what so it's difficult for the agent to service from a time and financial perspective.

I'm wondering what tools and resources you all use as rental owners and investors to get or keep your financial ducks in a row?

That being said, with interest rates being higher now, I may not be able to find a turnkey property that makes financial sense.  

When you can enter from a position of strength financially, the risk:reward ratio significantly changes.

Life is financially good even without doingSelf Storage.

So REI in California only makes sense if you've been there since the 70s or 80s OR if you're financially well off and can afford a few million dollar properties.