Certainly not on your first few deals and especially if you have proper insurance and make a concerted effort to provide a safe rental environment.3.

Not sure what kind of soil, air, environment goat heads thrive in out in Idaho. 

Would definitely make it much more challenging to find reliable information in that environment!

I think they said they were paying for renovation so that would balance it out- exit cap rate of 6.5 seems optimistic in an interest rate environment that is going up.   

The ability to enjoy Denver's newly legal marijuana environment was a perk.About the clientele it attracted or discouraged ...

@Souji Kumar Is your maintenance number inclusive of Capex or do you separate that out?

On a related note, if you are in fact able to secure a HELOC, using it to pay off your mortgage may not be advisable in our current interest rate environment.

A lot of equity to just sit there in a low interest rate environment 

As subject to, lease/option, wrap or all inclusive trust deed deals.  

I managed the rentals myself up until early this year when I hired a property management firm in order to get some free time back, have some backup so I can go on vacations again,  and in response to the hostile political environment towards landlords in seattle.My long term plan with REI is to get to a large enough door count such that with sufficient equity the net cash flow is enough to live on comfortably  (which I would define as matching my current gross software engineer's salary).