Due diligence is an absolute must, and patience is a commonality amongst most investors who post the best advice on here. 

Now that being said, I hold most investments so I also like to monitor return on equity which is not a common metric talked about enough.

You need to have on hand or access to enough to cover the underlying mortgage, utilities, HOA and various carrying costs in the event the house goes vacant for a few months.

The biggest difference is you are likely on the hook for more of the expenses: landscaping, any common area utilities, possibly trash/dumpster. 

Utility access or water well potential. 4.   

I'm currently trying to sell a triplex in Chattanooga and am realizing that a triplex is not as common as I might've thought to a traditional buyer.

heheI miss the Midwest's "simple" mentality of my common folks.Even tho, as you mentioned the weather can get brutal.It's always a tough gig to do deals from afar unless buying turnkey.Even then, turnkey is not worth it unless the portfolio is big.As soon as you can, move to the market you want to invest in and with time you might become "institutionalized" to it just like I did with Toledo hahaI put Ohio Cashflow on the back burner 3 years ago as I got burnt out on working with investors lolWe only sell from time to time to our existing book of business and if I like the specific investor hahaI list most deals on the MLS and once sold, I clean my hands.No need to babysit the never satisfied and disgruntled landlords expecting retirement from 1 turnkey property...Unfortunately, it is what it is and I ate $#@% for many years before I said enough is enough heheOz Realty has been the bread and butter for us and our main focus since we shifted focus.Crazy that I'm even typing this as I hated PM for many years and considered it just as the "necessary evil" in order to offer a turnkey product.Now, if I could turn back time, I'd never do turnkey and would only do PM hehe.Everything happens for a reason mate.Granted, it took 7+ years to create a lean and efficient PM machine heheI'm in Toledo every month for 7-10 days so feel free to hit me up whenever you are in town.All the best mate 🙏 @Engelo Rumora , haha, a new book would be valid for sure, as things do change fast in this world, looking forward to it. 

Getting past the method of utilization of the equity in the rental is the first hurdle I would like to figure out how to solve with everyone’s help.

@Buddy Holmes I am not sure a understand your question, but you can sell a property where you are TIC and utilize a 1031 Exchange.

Starting out, it’s common for new investors to own rentals personally to access better loan terms.You will most likely have to buy it in your personal name and move to LLC later.This post does not create a CPA-Client relationship.