Make sure you buy it low enough to make it worth the trouble.

OOS investing is more expensive.

You’ve developed a moderately fast wealth accumulation strategy that’s relatively low risk, enabling you to ride out down cycles, negative cash flows, unexpected necessary expenditures, etc.  

Quote from @Devin James: When running numbers on an investment property, I focus more on equity growth than monthly cash flow.Here’s why:If I can acquire a property at a low basis and add significant value, I can: 1) Sell and reinvest elsewhere 2) Cash-out refinance to recapture my investment.

I know, big expense right.

Quote from @Alecia Loveless: @Jonathan Bombaci I think a good lawyer that has passed the bar to practice in two states is going to be more expensive than $200,000.

Eric,Without going into too much detail on each line item, at first I use my back of the napkin method with a 40-50% expense ratio.

They seem to be very expensive and I'm not sure if it's something absolutely necessary or not. 

There's usually a good reason why a company is cheaper or more expensive.

If you want low, safe returns that are truly passive, invest in the stock market.