A roommate can offset costs, reducing the $600/month shortfall.

So I waited a couple months, and they reduced the price.

This reduces exit options and affects the value. 10) Small number of small units is the most expensive residential development there is.

This is NOT passive, it requires you to create systems and deal with all the complexities that a business entails.Reasons to manage your own properties: 1.You are an effective manager and for the most part enjoy people. 2.You want to reduce vacancy and expenses (after the property has been repaired my vacancy rate is below 2%).3.You want to start your own business and instill a certain “culture” at your properties.

They should not have been this off and you should always use the worst-case scenario as your target number when you are doing a flip or BRRRR.If I were you and a sale wouldn't net enough, I would do mid-term rental there instead of long-term rental so you can earn more, but still not have a ton of tenancies.

Some policies have vacancy clauses, and if the property is empty for, say, 60 or 90 days, your coverage may be reduced and you may not have the coverage you think you have. 

I would buy something closer to turn key if you can, even if you pay up, because it will reduce the work you have to do and figure out as a new large-scale investor.

If you're comfortable taking on more effort for bigger rewards, BRRRR might be the way to go.From a tax perspective, BRRRR may be better because you can potentially benefit from accelerated depreciation on the property, which can help reduce your taxable income and give you a bigger tax advantage compared to a turnkey property.

And if they all add up to zero, you’ll earn 0.038% on your money  Or you could put the $125k in the bank and earn a government guaranteed $520/mo.

But what if you could do, as I have, multiple deals under 5 k and earn back that 5 k and 10K more each deal...and exponentially higher on each deal that is higher priced than that?