STR idea might work as well although that's a matter of execution. 

Also it matters if there is also a lease up fee the PM will collect, look at your agreement. 

Loans or lack thereof don’t impact tax calculations—only net profit matters.

No matter your industry, being good at your job will help you as a real estate investor.5.

This is a matter of taking responsibility for yourself and stupid decisions.

So it won’t matter if you forgot things like management fees (or the value and costs of your mistakes if you plan to self manage.)

Mississippi doesn't much care about such matters but lenders do.

Of course, with all things, the answers to all these matters will depend on the circumstances.California tends to have more laws on the books and requirements and restrictions that it can be a good idea to form a CA LLC for out of state property so that you as a CA resident are covered, and to try to have your contracts fall under the purview of CA courts.

After several months of trying to get code enforcement to clear us and not getting any response from there end, and escalating to a superior who apparently did nothing, we considered the matter closed.

It does seem like users of both platforms really like them, so it may be a matter of just choosing one and going with it.