As long as everything is disclosed upfront, there shouldn't be any confusion from consumers.

I feel like a lot of people work property management up to be a super time consuming thing, but with the right tenant in place, the right team on the ground and some software to manage things, it can be done from a far relatively easy. 

I would think more so if you are buying out of state... it will be very time consuming to have to go search for all your trades and services. 

It's interesting that the DOJ says they want to protect the consumer, but the action they are taking will lead to mandatory buyer agency agreements and will likely lead to a rise in cost to the consumer.

The FTC enforces CONSUMER PROTECTION LAWS. 

My answer for consumer clients is different. 

If passive, consuming content and talking to people in the space and getting your money ready may be all you need to do.

The biggest time consumer would be your apartment building, but that is being managed by a PM.

If it ends up being an expensive or time-consuming repair, you may be able to get bids and have the seller escrow 1.5x or of the bid cost to do the work post-close with a signed agreement and lender approval.  

According to Experian "78% of U.S. consumers' FICO® Scores are higher than 620." 620 is objectively a very bad credit score with a high probability of delinquency.For my rentals, 700 is the minimum and any applicant with lower credit score will need someone else to serve as a personal guarantor.