If the infrastructure is good and it has recently been remodelled and bought up to code...

It is hard for a smaller builder to compete with their cost of capital and infrastructure.

I think it is best you start by investing in your "backyard" in an area close to your home so you can closely monitor project progress while learning the ropes.   

I'll just monitor this thread and hope to learn something from it.  

You are not going to continue to invest time and energy in monitoring rent collection.  

Trying to monitor that bill every month, then divide it out based on sq. ft., then communicate that to the tenant, then deal with them going, "Why is it bigger this month?

New investments by Google, Apple, Facebook and Autodesk is a true testament to the growing infrastructure here.

Katrina caused massive infrastructure damage that prevented people returning to there homes for months (not days or weeks, but months).  

HUD is currently contacting State and local officials to explore streamlining the Department's CDBG and HOME programs in order to expedite the repair and replacement of damaged housing; and, Offering Section 108 loan guarantee assistance – HUD will offer state and local governments federally guaranteed loans for housing rehabilitation, economic development and repair of public infrastructure.

The vast majority have a very high scenes of entitlement having lived their life off of free handouts and for that reason have zero respect for others.As a landlord the level of resentment your tenants will have for you will counter any training you attempt to achieve.C class tenants are like cats, virtually impossible to train, and must be constantly monitored as you would a child.