I am also looking for a stellar property management company to interview.

The few hundred dollars in cash flow will be insignificant to the growth of your return via SD's stellar appreciation.

Schools aren't as important, since these aren't usually catering to families with school age children, but gangs, drugs, murders, assaults, break-ins, etc. will ensure that you get amazing less than stellar tenants and all the complications that come along with that.Best areas to consider in my opinion for multi's would be near Broad Ripple off of College Ave, but don't expect to find a deal.

I think that even knowing my deal was not as great as deals can be, I needed to take that first step and as I learn from others, unless you get yourself into a terrible situation, a less than stellar deal is hardly regrettable.

I've had properties for 20 years in Springboro between Dayton and Cincinnati where growth has been red hot stellar for well over 30 years running.

And I think those that operate in this niche are generally very good at finding great deals on properties (or note investors who take back properties as REOs), they maybe do some rehab, and then they sell via owner financing to often less-than-stellar borrowers.

Treasuries4.835.095.075.135.124.884.534.374.243.964.153.92 When short bond return is 4.83% and home appreciation is less stellar than 5% eventually our strategy changes as well. 

I'll take a stellar team in a decent city over a mediocre team in a stellar city any day, honestly.

If they are less than stellar, I would keep them at the same rate or let them leave and look for a better renter at market rate (even if that is a little lower).

Unless the deal is stellar I wouldn't engage in a lawsuit, especially for a wholesale.