The plan is intentionally conservative, but I want to pressure-test the financing and execution before locking anything in.It’s a 31×110 lot (3,410 sq ft) The current concept is a two-story front duplex (two 2bd/2ba units ~1,150 sq ft each) with a rear 1bd/1ba ADU (~600 sq ft).

One thing I recommend is stress-testing the numbers: if rates bump up a couple points or if it takes longer to find the next property, would cash flow still hold?

My main goal is to remove myself from tenant maintenance calls and day-to-day issue resolution while still ensuring fast, reliable service for the tenants.Ideally, I’m looking for something that offers:Maintenance request intake (tenant-facing)Vendor dispatch and coordinationPriority or next-day service when possibleCoverage across multiple markets or at least solid options in both Texas and North CarolinaI’m open to home warranty plans, maintenance subscription services, or third-party maintenance coordination companies, as long as they reduce owner involvement and improve response times.If you’re using something you trust—or have tried something you’d recommend (or avoid)—I’d appreciate hearing about your experience.Thanks in advance.Look into Latchel or Porch.

You may a have a lower rate on the first mortgage if you have one but in 90% of the cases a cash out refinance is the better option.For one it allows you to have one mortgage and avoid multiple liens on title and multiple trade lines on credit.

Probably in the next 10 years, if NYC continues with its rent control in its current system, it will have succeeded in wiping out all smaller landlords because the only ones that will be able to afford it are larger companies that invest across multiple markets. 

Once you have a few under your belt, look for an owner who has multiple dwellings and show him your current listings and offer him a tour to see the condition you maintain them!

Many keep multiple properties in one LLC when they’re starting out to minimize administrative work and costs, then create separate LLCs as portfolios grow or risk exposure increases.

I am not providing any type of legal advice, but you want to research this and you can also look at the "Howey Test" as it is very likely what you are planning to do would be considered a syndication, not a JV. 

For managing from abroad, tight scopes, fixed price bids, and consistent photo/video updates go a long way, and having one reliable local point person instead of juggling multiple vendors helps a lot.

I operate and self-manage multiple STR's.The second part is you need to check up on the quality of the work.