This house isn't a homerun financially but I felt like it was a good one to start on..

Be strategic—don’t rush it, but plan for it.4.Understand Property Management's Role in Your Bigger Vision: For me, PM is a spoke in the wheel, not the whole business.

We all have different financial situations, lifestyles, risk tolerances and goals so what would be a good investment for one person might not work for someone else. 

It's designed to ensure someone nearby can manage things responsibly.Your plan to hire a local person for emergencies and other tasks is a great workaround.

Great tools that get updated regularly.I am on the lending side of things and would be happy to hop on a call with you anytime to discuss financial strategies and help answer any questions you may have about nearly any loan product available to help you on your journey, even if they are not products my capital partners offer.We are all here to help you learn and grow.

@Thomas Sheehanonly you can decide what makes sense for you financially, but I would not put $200-250K into a property to generate minimal cash flow. i look to minimize my outlays when I purchase.

The more time you spend on administrative tasks coordinating with multiple service providers, the less time you get to spend on managing your properties, finding new potential investments and increasing your financial returns.Tax strategies and property insurance are two areas that are highly customizable because no two portfolios are identical.

To align with community property laws and avoid legal or financial complications, consider forming a jointly owned LLC with your wife as a member.

@Abigail KingThe important ones have already been covered by others here but a "real estate adjacent"/financial freedom book I recommend is Retire Young, Retire Rich by Kiyosaki.

The bank will want you to be working for a certain amount of time and that have certain credit score plus have your financial ratios match what they want.