Even if you break even, you will lose money every month it sits vacant, when you need repairs, property management, etc.

Meanwhile, I have 10 units management experience. 

If you are unsure, to start, hire a property manager and don't let the tenants know you are the owner. 

Quote from @Kevin Brown: Hi,We own and manage two AirBnb's. 

Wrong Property Management ApproachIt doesn’t matter how good the people who are doing the property management are, if they are not using a property management approach designed for co-living, everyone loses.  

Then pay them a fee for finding the deal and pay them 8-10% of rents to manage the rental(s).

My wife and I come from a manufacturing leadership and project management background. 

Practical Tips for Managing PropertiesFinding Good Tenants: Screen thoroughly.

I don't currently have any investment properties, but will likely work with a turn-key property managment in the Memphis/Little Rock area.My goal is to build a good cash-flow portfolio to ease into retirement. 

I have 1000 sqft so $250k.if I have no GC and manage all the subcontractors I will not have a Rolodex so have to find subcontractors and I’m sure there are a million other complexities.