While great for cashflow, may limit your exit stratgy.Also, How comfortable are you with the offer as well as the overall numbers on whether this will or will not cash flow? 

This gives much better diversification protection across geographies, asset types, strategies, investment subclasses etc. versus putting all the eggs into one basket.The downside is that it's not for everyone, and a person has to be comfortable with turning over control to someone else.

The answer to this will come down to comfort level, funds available, and strategy you are looking to implement. 

Quote from @Brendan Jones: For the homes, and or properties that you will use as a primary or a rental property one big thing I look for is infrastructure in the area, extrinsic value (I.e. hospitals in the area, schools, and job market), and the last thing is creature comforts for people (I.e. is a store to get groceries 1 hour away or 2 minutes away).

You can either bridge that gap by piling up more money or living with less comfort. 

The diligence, patience, and comfort will give you the confidence to invest.

It is a matter of getting out of your comfort zone a little bit but not so much that you will burn out or lose sleep.

Risk/reward was not something I was comfortable with after looking at numbers and a few things not grandfathered in if a tenant left. 

I think the before vs after pictures really speak primarily to your experience and ability to execute a project so it can help lenders gain comfort with future projects and allow you demonstrate what level of detail you except out of your contractors.

Covering this with my salary is relatively comfortable.