@Eric Andersen definitely put weight into what @Michael Baum wrote and do your own research on the city regulation/zoning.

A reliable property manager and CPA are worth their weight in gold, especially when you’re managing remotely.If you’d like to chat more about what’s worked for my clients or have questions about specific markets, I’m always happy to share insights.

I don’t know how deep you’re in stock investing but just weight it out more 

This doesn't account for transaction costs and reduction in leverage as you pay down the mortgage which accounts for closer to 2-3% less, so you 12-18%. 

There would potentially be some weight issues with the 2nd+ floors of some shopping malls, depending on what the potential tenant wants to store in the upstairs unit. 

Without having a credit score you can expect to have a 10% reduction on the LTV or loan amount towards a purchase or refinance.

@MIchael McCUe   I get it, it feels like an incredible weight that you could easily lift with bankruptcy.

That is approximately a 10% reduction in rent! 

I like umbrella because there is no worry of being pierced for inadequate separation of finances, if sued you have a heavy weight in your corner who has all the consequences of a defeat, and because usually it is reasonably priced (mine today is not so reasonably priced but I believe it is mostly related to the risks of CA).I do understand that the probability of needing the umbrella policy is low.  

Prioritize stable cash flow, good location, and manageable property condition, while considering strategies like gradual rent increases, expense reduction, and value-add improvements to enhance returns.