That gives you a much better idea of the risk/reward/hassle relationship. 

So, a good tenant in place who want to stay is GOLD to me.If you really feel like you want to keep the rent as high as possible, perhaps reward a good tenant with a small upgrade.

Yes, per my numerous conversations with Zoning and Planning officials, it is permitted. 

Sometimes your risk reward changes substantially with the types of projects you can get into for one vs the other.As some other posters have alluded to, time constraints drive a lot - a light rehab/cosmetic buy and hold is possible for navigating while having a 'regular' job - and certainly managing rentals while working is possible as well.The last one, and I'm surprised no one has mentioned this - is market specific. 

We may not be in it yet but I see the greater reward coming soon.

There is always risk in real estate investing, but there is also the potential for great reward.#3  Pursue life-long learning.

Rich people focus on the reward Poor people focus on the risk -T.

:@Bosko MijatovicWhy does mel have a poor credit score He had to pull numerous loans to stay afloat 3-4 years ago.

You don’t reward losers who you want out with money , you throw them out!

Risk=Reward.