I'd love to join.

Any and all advice/input is welcome I'd love to hear what this community has to offer. 

Anything less I'd raise eyebrows.This is what you should do you when you get a sizable windfall $10MM++, if lower and looking for tax deductions get an STR underwritten as a LTR. 

Students/young professionals seem to make up the bulk of the rent by the room occupiers (at least in Reno which is a relatively affordable market, although increasing significantly over time) 

However, I'm still open to choosing Columbus Ohio if it's a better investment than the Philadelphia area.My priorities are:- Landlord friendliness (I don't want to get stuck in a location where its hard to get uncooperative tenants out of a property)- Friendlier Short Term Rental laws (AirBNB, etc) - Ideally lower property taxes (Not a huge concern if there isn't a big difference between the two)- Better cash flow (If the different purchase price to cash flow is substantial, I'd want the better cash flowing area)Which between these two regions would you recommend?

I'd recommend creating an LLC with both of you on it!

The one tactic I'd recommend for those who can afford it, is putting down more equity (30-40%). 2.

Hi Ryan, I'd suggest taking a look at the Detroit market.

Although I have to say I agree about getting the license .. but I understand the wild west of wholesaling so many simply wont do it and these transactions to continue will rely on Someone Like Tom and company like us to facilitate these legally.

My plan is to self-manage the property and rent it out by the room, and I believe your expertise could provide invaluable insights to help me navigate this venture successfully.Specifically, I'm seeking advice on the following areas:Property Management Software: I'd appreciate recommendations for property management software that would streamline my operations and help me stay organized.Bookkeeping: Could you provide guidance on best practices for bookkeeping in rental property management?