I have never had to do a cash call on any deal we have syndicated, knock on wood, which says a lot considering we only do big value add deals, very risky stuff, but rewarding. 

The investor side of me agrees in totality with all said about time vs reward and good money at bad.  

If all things are pretty equal you likely should look to your own stomping grounds where you live for a smaller property like this.If you are worth say 2 million and you are buying 10 doors at 50k for 500k and putting 150k down then if it goes bad you might have a small loss and tax write off to get out.If you are worth 400k and putting down 150k into an area you do not know that well with not enough doors to get passive then the risk does not likely equal the reward upside.

Purchase price: $60,000 Cash invested: $61,447 Charming 4 bedroom 1.5 bath 1414 square foot single family home with Arched and leaded glass Entry door and lovely curb appeal.

However I would think that the property management route is the most simple to learn and probably the least financially rewarding.  

They were all small incl. interest, capital gains, rewards, rebates, incentives, etc.

The better the deal, the higher your reward should be. 

This has been an exciting experience and all of the hard work feels like a reward!

Things to consider there would be impact on working capital, uncertainty around 'unknowns' (more risk needs more reward to compensate), and your comfort level and liklihood of a kind of worst case. 

If I can avoid driving to the bank to make deposits then I would prefer to spend the time doing something I find more rewarding.