Yes, I was tempted to type "these words are likely accurate" ;)  The reason is because tax rules are very much case-by-case, and your mileage may vary.Here is an important clue in your particular situation: ...I manage the rest?

Getting a good painter at a reasonable price requires persistence and comparison shopping.

I think every market and every person have their own reasons, but here are some thoughts from a property manager.Pros for self managing / cons of PM- Keep all the revenue- You have 100% control- You own listing, photos, etc- Nobody will ever care about your investment as much as you do.Cons for self managing/ Pros for property management- This is a 24h / 7days a week business and I imagine you have at least somewhat of a life I imagine. 

While we are not tax professionals ourselves, we do share how we ourselves have made millions and paid very little taxes along the wayAlso @Eli Edwards A network of relocation specialists is not a reason to invest in a course.  

I don’t know what the costs would be to “scale” from the volume you do now to a volume you’re targeting, but it’s probably a reasonable investment.  

NEVER borrow from a 401K, you are taking pre-taxed dollars and paying it back with after tax dollars, you do not get to return the loan with pre taxed dollars, in addition, some 401K plans do charge interest and maybe even fees, and lastly if you get laid off for some reason, it is a distribution with all the "fun consequences: tax at the last dollar rate, and if you are under 59.5 there is also the additional 10% penalty.Personally I like the HELOC, however you can also sell stocks and do tax harvesting there to offset gains if that is an option

Only reason I've been doing it is to get 0% business credit card limit increases.  

But I try to balance that "more" with reasonable use (for the time period they're there).

The next tour was much more favorable.My suggestion on CURB APPEAL - keep curb appeal reasonable for greatest success. 

I'm only getting into real estate now, with one property in Tokyo (single family home) and one condo in Waikiki.I had largely dismissed investing in Japan for the reasons @David Gotsill mentioned -- figuring that BRRRR wouldn't really work here unless you have a property in prime location right next to a popular train or subway station.