Term leases only reward bad tenants. 

However, I've found patience is usually rewarded.

And The 4-hour Workweek.It can be very rewarding. 

One problem you will run into if doing a $70K cosmetic renovation on a 5-plex in Old Louisville is that tenants who are attracted to the area and are willing to pay top dollar want the following:-Original historic charm (No covering up original wood floors, trim, etc)-Central heat and air (their own system, not shared)-Newer electric-Laundry and off-street parkingIf this happens to be the 5-plex on Ormsby, you may want to do some more digging on whether it is actually a 5-plex and if the basement unit can be legally used as an apartment or not. 

I am just stuck in letting this nice new house go having a really good feeling that it will appreciate at least a little more in 10yrs. have someone pay off the nest egg and reap the reward later and still try get into the real estate investing in new city but at a slower rate ( unless find the partners with cash for downpayments etc).I would like to know what others would do... we would be renting in the new city for the first while. we have vacant land we will sell soon for the new down payment. also we only need 5% down on new home seeing we moved for work. lots going on and happening real soon. so thanks in advance for advice...much appreciated...

I don't think the business rewards particularly honest and forthright people.Of course if you're a property manager and incensed that I could possibly say such things, well, I'm very sorry, I apologize from the depths of my heart, and I'm sure you're the magical unicorn of the bunch standing steadfastly in the surf as the tide comes in.

I am doing both and find flipping much more fun and rewarding.

Great risk vs. reward for the 8 of them.

The latter has more risk and {potentially} more reward, but as my uncle would say: unless you grew up farming, you probably shouldn't consider share-cropping  [The same would apply to renting pasture for live-stock on a per-head share].  

The market is not rewarding rehabs with high profits.