Hey Seth, I remotely manage my 12-doors portfolio in Detroit with similar rental rates.It's definitely not even close to a full-time job, so yes, doing this on a portfolio of 30 properties is very doable.My biggest challenge is doing turnovers.

My biggest struggle right now is determining whether to buy a house outright with my HELOC and then refinance it in hopefully 6-12 months or do I use a smaller part of my HELOC for a down payment and try to get a traditional loan for the rest of the payment?

Hi Frankie, If your looking for the biggest bang for your buck there’s strong section 8 government guaranteed Cash Flow all over Detroit.

$50/general clean (they do a thorough cleaning including the filter and all); $150 for a full drain, deep clean and fill.The downside with this approach is continually pounding our well.

And some of the biggest repairs not for some time (roof 20, hvac 10, etc) .To me, building a new sfh should allow you to get a bigger discount than what is typically available these days unless you're really getting lucky. 

This gives much better diversification protection across geographies, asset types, strategies, investment subclasses etc. versus putting all the eggs into one basket.The downside is that it's not for everyone, and a person has to be comfortable with turning over control to someone else.

Problem TenantsOne of the biggest pain points for landlords is dealing with tenants.

My biggest problem is ongoing currently: neighbors in the municipality are being rude to my guests.  

Most peoples biggest "out" is if they are unable to get approved for the loan than they may be able to backout without penalty depending on the loan period written in the contract.Like everyone else said, it will really depend on the contract wording.

What’s your biggest question or concern about diving into the market here?