You can find properties in the price you indicated but they have historically appreciated less than inflation, they may attract poor tenants, they likely will have poor rent growth    Or house hack local market and need at low as 3.5% but easier at 5%.  

One was because of poor management and the other because the property needed major renovations to be competitive in the area. 

It’s how you remain “poor”, not how you gain financial independence.  

To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

You will then have to refinance with a commercial product or pay it off.

Lindbergh field is a poor airport.  

You do it to escape a property that has aged poorly and has become a money pit.

Invaluable and he's closed 20+ deals with ppl in my group, and sold at least 7 finished products so it's paid off for him in long run. 

My parents always use to lament what a poor choice of majors it was.   

Having over 10 years of experience in the electrical field, and correcting numerous poorly executed electrical installations, one of the biggest value adds that I have is this experience.