You need to assure them that you will not tolerate any of these things and will be on top of the property 24/7/365.

Maybe it's because I had a relatively tolerable day at work today, but I don't have any specific plans to quit the W2 just yet. 

Also, it's going to depend on your risk tolerance.

Some of them have a lot more capital than I do and higher risk tolerances.

The purchase price, construction/labor costs, and ARV are all higher here in California than most states so I already have a high tolerance for risk and have the necessary liquidity to scale. 

Both methods require finding a property that makes sense for your risk tolerance, purchase ability, etc.

There's not one right answer for everyone since we all have different financial situations, different ages, timelines, family situations, risk tolerances etc..  

Consider liquidity needs, inflation, and your risk tolerance in deciding the mix.

The key here is finding the right balance between capital, time commitment, and risk tolerance.

We all have different financial situations, lifestyles, risk tolerances and goals so what would be a good investment for one person might not work for someone else.