But if you can save yourself the tax, even if it’s a minimal, as long as the cost do not outweigh the benefit it might be worth your time.

The time you'll spend finding a good PM will far outweigh the amount of time you'll spend managing yourself, and if your time is worth $50/hour, then you'll be paying the PM less to manage your property than you'd be losing by driving there to handle issues yourself.

The risk does not outweigh the reward in this circumstance in my opinion.Sean - if I was you, and I was at one point, I would focus on school and landing the most amazing civil engineering job out there.

Which means now you get all the benefits of being a commercial real estate investor, which far out weighs being classified as a single family home investor.

If the cons outweigh the pros, then move on and look for the next deal! 

Cost to insure this will far outweigh the losses you encur when they do this stuff.

Since I am a buy and hold investor, any shortcomings in the beginning will be outweighed by long term gains due to consistent and reasonable rent increases.  

@Peymon HashimotoYes, my recommendation is that the experience itself will far outweigh any measurement report.

The needs of an individual tenant do not outweigh the needs of the business as a whole to survive.

Since I am working full time the savings from not having those expenses greatly outweighs the cost of mortgage insurance.