It is a business and should be treated and run as a business.

It will be interesting to see how many of these investors are still in the business in a few years with the foundations they sadly believe will serve as a stepping stone into the better situated assets you pointed to.

I'd be sure to go to some local meetups as well to find investors in your area and offer to do electrical work for them in exchange for helping you learn the business.

If they are treating the rental income as a qualified trade or business for purposes of the qualified business income deduction (QBID) on your federal return then it definitely IS subject to the KC income tax."

Once you get really busy (because you're good) you start charging more. 

These two businesses work hand in hand to ensure that people are getting the best day to day and long term advice possible.Just curious, what are the concerns you have with your current manager?

Our rents come in like clockwork and we are able to increase rents annually with the COLA afforded through HUD which makes it a pretty simple business model.  

Optimized doesn't just mean your digital environment, but all the basics like making sure the rooms look photogenic and have an Instagrammable moment, having backups off all bedding and replaceable items so your property always looks like the pictures, setting up strategic partnerships with local businesses, tour guides, etc...As far as management - make sure to have a handful of cleaners and contractors on good terms. 

I am currently in business development for an equipment manufacture.  

Granted, recently labor costs have gone up, but in Eastern Idaho, I have a guy I use for every paint job, including my personal home, because he charges me a lot less than every other painter because I bring him business.