My intention is to establish positive communication with the current tenant while respecting their existing lease agreement, with no plans of requesting them to vacate.I would greatly appreciate any insights, suggestions, or advice you might have regarding reaching out to the tenant, drafting a letter, and managing this transition smoothly.Thank you in advance for your assistance.Best regards,

will you self manage or hire a PM? 

If you're looking for less management intensive multi families that will be a better hedge against inflation, but may not produce much in the terms of cash flow, look at the Class A & B areas of Sacramento, for example, Midtown, Downtown, East Sac, Med Center, etc.

This is about a 5 hour drive for us, so manageable if we needed to be present for any reason. 

I’ve been doing BRRRRs in Memphis and Detroit since late 2020 and now have 9 doors across those markets. 100k with the right deals can allow you to scale to about 8 or so doors that all cash flow (after taxes, insurance, property management, mortgage) about 400-500/month each.

You found the deal, and if you could manage the property and the renovations you are adding a ton of value.

I manage the property for her and planned/executed a rehab of 3 out of the 4 units in this building doing most of the work myself (that's just some background info on the building). 

Last but most importantly, I would love to start building a team and connect with Realtors, Property manages and investors, appreciate recommendations! 

It would be the income after paying all expenses like mortgage utilities etc and property manager

With tax season upon us I wanted to hear your opinion on the best accounting software out there.Like many of you, I've been juggling various aspects of property management, from tracking expenses and managing leases to preparing for tax season.