Let's say today you are fine, great, nothing is wrong, but tomorrow something happens and you become motivated.Who knows that you became motivated? 

Location is important to both, a well built property in the wrong location can be a big loser. 

If you have been doing real estate forever does that mean that you are doing it wrong?

Just curiousBased on my thinking (i may be wrong) with such high interest rates on investment loans, the only markets that can still generate positive cash flow are the ones which has the lowest property taxes + price combo.

A guarantor is just one more point where things can go wrong.

@Joey SabatiniThere is no right or wrong answer.

We don’t know any PMCs to recommend in the area mentioned, but since selecting the wrong PMC is usually more harmful than selecting a bad tenant, you might want to read our series about “How to Screen a PMC Better than a Tenant”:https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesWe recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

Make a reasonable assumption (maybe expenses grow at the same rate as rent growth at 3%) and then add some conservatism somewhere in case you are wrong, e.g. if you think you need 5k/mo cash flow aim for 5.5k/mo or 6k/mo in case you were wrong in your assumptions. 

No right or wrong answer, just glad to hear you're open minded to real estate investing. 

Sorry all just noticed I posted this in the wrong forum