Not sure I'd recommend jumping straight into a flip, but if you're buying in cash you'll have less risk. 

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

There is work involved as you have well found out. 

In the cities the government got involved in housing and low income housing was built for poor people.

We feel that this is fair for all parties involved.

Multifamily investors usually look to balance risk and return - usually picking either B or C neighborhoods to buy rentals in.

I let VRBO and AirBNB handle that.Bottom line is you are taking a risk every time you allow folks to use the house.

Its already long distance but if you have no desire to be involved, no boots on the ground in anyway, it may be hard to make it work.

That being said you can make that kind of money with fewer properties but you would need to do more intense work and higher risk Short Term Rentals, co-living, or Section 8.- My Strategy: I'd like to buy and hold residential rental properties.

.: I wanted to get involved in land investing and made a post about it during the summer and have continued to look at it until now.I was questioning if I should trust a land guru in my area so I asked about it and got some feedback.So then I have searched for land investing education programs and a name was at the top on google and I saw he had a lot of information out there.I did research on him and watched a lot of his videos and it all sounded good but I heard him talk about how he now owns over 1000 doors in multi family, so I started thinking about it.