Without population growth, your rental income will lag behind inflation, requiring you to find additional sources of income.How long your rental income lasts depends on the job growth in the investment city.Non-government jobs are inherently temporary.

Self management works if you are local and can separate emotion from business.

And the truth is, if the investment property was completely passive and you had zero connection with it, such as an arbitrary stock in a mutual fund, then I would agree not to get emotionally attached to any one investment.  

I don't like paying interest on my down payment unless I know it's a temporary aid to get a good opportunity.

That means making calculated numbers based decisions, not emotional ones.

All normal emotions for going through the tedious construction process. 

One more tip – people remember stories that trigger their emotions.

Otherwise, you can never attain financial freedom because rents will not outpace inflation.How long your rental income lasts depends on job growth in the investment city.Non-government jobs are inherently temporary.

There is also an emotional side to owning a rental that landlords are subjected to.

Once someone has paid, what to them is a good deal of money, and invested a good deal of time, and become emotionally involved with a particular mentor and his program, they’ll fight like hell to defend it.