However, chances are your taxes are not going to get much more complicated until you start seeing multiple streams of income through different LLCs & asset classes.

I will agree with you that industrial and larger multifamily is a lot more exciting to learn (and model) about than other real estate classes.

I'm looking for a turnkey in a class A or B neighborhood.Bryan Contreras

Some working class neighborhoods that are more cash flow friendly in the here and now, but require more work.

The safety of using doing Lockbox Showings will depend on:1) Class of property - the higher they class of property, the higher the class of prospects and the less problems you will have2) All of the above is based on statistics - there may always be an "idiot" that innocently leaves the door unlocked.

Hi Dylan,You could go to W2 work for a year for an industry biggie, such as Greystar or Pinnacle (market rate properties) in Texas, (or where you are at now), for a year as a leasing agent and (boots on the ground) learn how to lease units, as well as get an understanding of how to be a first class property manager Learn things such as, how to handle maintenance, reports, people skills, evictions, cash flows, unit turns, problem residents, borderline qualifiers, flag flyers, parking disputes, physical confrontations, arguments, personal safety, etc....That would chunk out your 1st year requirement as well as put some money in your pocket while doing it.And if the economy nose dives, ride it out on the W2.Just my 2 cents.

You are likely moving away from a much better cash flow area, but Austin is world-class when it comes to appreciation. 

This is usually something like a 1 hour class that most people take and then they have to continually sharpen the skill throughout their career as well. 

In Class C areas we offer a 90-Day Tenant Replacement Guarantee - not to be confused with a Rent Guarantee - where we will not charge an additional Placement Fee if a tenant doesn't pay their 1st 3 months of rent and we have to evict them. 

I agree that the current environment is incredibly inefficient and ripe for disruption, but just because something is different doesn't mean it's smart or that it will work.