I just acquired one from a PM where they were charging a tenant a resident benefit package and a building protection plan.  

Could you go reinvest it in another property to build even more income?

The 5-10 it gets heavier and a lot busier, and 10-15-20 it really is untenable to self-manage especially if this is not you main business like a person buying their own rentals and building it like a small business. 

It’s awesome that you’re diving into real estate and taking the time to build a solid foundation first.

On a positive note we did build a new house to the specifications of a specific tenant. 

Building up a rental portfolio, flipping, wholesaling? 

@Albert Gallucci as many have pointed out, in the commercial space of 100+ apartment buildings and offices, property classes have some pretty decent industry standards.We started applying these to 1-4 unit properties around 10 years ago, which you can verify on our blogs, because we saw too many newbie investors not properly taking into account things like, neighborhood status, tenant pool, property condition, etc.Unfortunately, there's no industry standard for this, but you can use some basic logic to think your way through your own Classifications.

My goal would be to build an investment net with passive income, de-risking the fact that I am the only earner.  

With your costs being less you can invest more into the property to build reviews and get bookings. 

The sale price will most likely be around $500,000 and the mortgage is currently about $200,000.I plan on using the profits (let’s just say $300,000) to build an ADU on property that my family owns in Central Oregon.