Multiple people had some bad things to say about the area, but when I moved and realized that it was a low income area with a lot of homeowners, I was motivated to improve the property to match the effort my neighbors have put in. 

Whatever answer, please keep in mind A.

So, here’s my question.. do you think you’d be more comfortable taking the DIY approach with strict guidelines, or might a property manager give you the peace of mind you need?

I’m excited to be here and connect with like-minded investors who are passionate about building wealth through real estate.

I've been giving lots of thought buying a lot for build and sale of a SFR, and would like to touch base with like minded folks.Thank you,Shawn I was in the 6 month program and paid $5000.

In the end, many fail because they make a decision based on the wrong motivation. 

I even considered owner financing it to somebody more ambitious or at least has more time than me.During pondering what to do with the property it crossed my mind, it could make a good mail drop store.

Hi @Meghan CarsonI don't have a specific number in  mind... yet.

Even when I travel, the tenants don't mind a bit of a delay.

Just keep in mind that there are further steps you'll want to keep to minimize the possibility that your entity is ignored for this kind of personal liability (say, if you were the person who didn't properly clear snow, or if your finances and the LLC's are comingled).And I agree with @Chris Seveney, insurance may provide adequate protection based on what's available to you.