It would force the contract flippers to properly vet the deals.

It's about always having enough money to maintain your lifestyle throughout your lifetime.

Others might be fine with taking risk, but least by doing this a person can get an idea of what might go wrong.e) Legal document analysis: it will usually take a few days to go through the legal document properly, as almost inevitably there are tons of gotchas that either have to be explained, or mitigated with a side letter.That is the very short summary of what I do.

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

Cons - directing tri plex cash flow away from other investments for 4 years but also not impacting my W2 lifestyle. 

I want this to be a vehicle for my wife and I to gain financial freedom and grow a portfolio to support the lifestyle we want when I retire. 

You will know that the remodels are done well/properly, so you can hire out the PM piece and move forward. 

If you have 6 digits coming in cash you can definitely spread that around wisely in Ohio using proper leverage, but I would be careful about planning to scale before your feet are even wet.

We were interested in learning how to develop proper systems.

Ultimately, it's about finding the investing strategy that aligns with your goals, lifestyle, and area of expertise/skills/knowledge.