The Buy and Hold thing takes ten to twenty years to fruition, depending on what point in the Real Estate Cycle you buy to fix up and if you can buy multi-family to start with.

@Elizabeth Wilson I think it's a silly requirement too, and I also think what I have taught my self has impacted me directly in my life twenty fold than the subject material learned throughout college.

Kudos and thanks to everyone that replied and a special thanks to @Robert Norvell and @Thomas Morris for raising eyebrows on ways to further this discussion and create a platform for everyone questioning this topic.There were between 15 and twenty replies and going from them I would vote Indiana being the most friendliest with New Jersey coming in last (out of the friendlies).

Public first time home buyer on a tour of twenty homes. 

In the next few weeks it'd caught over twenty mice in total.

Also I hear that HOAs can be notoriously difficult.Julia,It's actually a myth that condos appreciate less than SFRs -- at least in LA over the last twenty years.

@Matt 'Roar' Gardner Thank you very much.

We have over 35 rented townhomes in Cheyenne, twenty peas in a pod in Gillette (20 unit apartment) and over 45 rentals in Colorado.  

Article 1739.02 B2.6 states that Every OWNER who is not a full-time resident of the City of Bethlehem, or elsewhere in an area that is not within a twenty (20) mile radius of the City of Bethlehem, shall designate a MANAGER who shall reside in an area that is within a twenty (20) mile radius of the City of Bethlehem.

I have owned a Motel and run it as an owner/operator for the last twenty years.