But the money you spend on a property manager pales in comparison to the money you will lose if you don't do it right.

People have mentioned increased wages, but the wage increase % seems to pale in comparison to the median home price increase. 

This may pale compared to a flip but these are two different strategies with different risks.

My worries pale in comparison.....But I'd be lying to say these questions haven't gone through my head....Couple of weeks ago my tenant gave notice of moving out at the end of Sept and I need some work done....how the hell am I going to find a contractor now?

And since you're holding long term, a little more budget upfront will pale in comparison to the appreciation you will attain down the road.

Unfortunately this neighbor is not a good source of information concerning the tenants as they’ve either escalated the parking situation to the point of petty vandalism or they’ve become so obsessed with the vehicle parked in front of their house that they’re willing to go beyond the pale.  

Cash flow also pales in return compared to high appreciation returns.  

Plus if this really is a great deal, the amount of appreciation and cash flow you will make over the next 5 years should pale in comparison to an agent commission.

@Michael Paling"Several cracks in the drywalling" makes the hair on the back of my neck stand up!

@Anthony Thompson my deposit is only 2,500 and that pales in comparison of what 20% down would be on a 380-450k property a year from now.