They provide renovated properties in markets that maximize appreciation and cash flow. 

Would love some thoughts and help with my situation, 
My wife and I make decent W2 income as our main source of money but we have two properties. 1 that is a rental,  I have a property management company handling it,...

The biggest lesson Ill share with you that took me a little too long to learn is from day 1, find the best way to maximize your income (make sure your rents are markets rents, can you charge for other sources like laundry/parking etc) and make sure you look at every operational expense (insurance/taxes/trash/water/electric etc) and ensure you are getting the best deal you can as early as possible (example, my insurance almost doubled on my properties and for a while I was just like, oh that stinks.

Focus on acquiring successful, cash flowing properties, providing quality housing for your tenants or guests and THEN focus on maximizing your tax benefits. 

No matter how great the tenant appears, you can't get rid of ALL risk, but your job is to maximize your profit and keep your risk as low as possible. 

Hi Maxim Gaudreault, and Sam L. 

So I have set my sights on single family and want to maximize income potential.  

It would be a fun project and would maximize the value of your property and get you insane cash flow.

I use a lot of tax programs when I buy in Ohio to maximize my returns.

Just do you, and don't worry about maximizing every penny.