I'd have concerns of buying high, then moving back home or to family or to next job and being underwater when I wanted to sell my house and losing a lot.

I am about to lose my W2 income and my wife and I are trying to buy our second investment property.

I think that we will see some attack like a wealth tax that affects folks like Jeff Bezos and Warren Buffett not necessarily the smaller players.

Your gross is currently $5940/month, so NOI would be $3564 a month on actuals.  20% down at 3.95% for 20 years (it won't qualify for longer-term) is $5551/month so you'd be losing about 2k per month. 

If you paid someone to handle everything for you, then you lose out on 20% of the profit for the PM but its completely passive.Hope this helps you out.

High debt, corruption, and is losing population.

You can sell on your own and there's probably an 80% chance you'll make it through without anyone dying or losing their life savings.

Normally you lose the deposit and that’s about it…At the same time, I think taking action is a good thing.

However, using locals that are familiar brings a significant advantage since they are familiar with the key players in the area.4.

Overall; check with your bank first for a free option like Zelle, then move onto setting up with a third party player like ZenLordPro (there are numerous rent colleting apps, this one is just pretty easy to use) and you're thinking along the right lines in setting up electronic payments.