Isn't everything more fun and rewarding when you put in the time, research, money, and effort anyways?

If you're planning on paying the same amount of rent as a stable tenant, there's no reward and much more risk.

But, when you realize the risk/reward compensation nature of investment, it really doesn't make sense. 

I've heard it's grown so much some of the charm is going away.  

I was aware of the penalties, but with this particular deal, I believe the high risk is worth the reward.  

If you can figure out a way to make it work well the potential market is so large that you would be handsomely rewarded.

The phrase “don’t put all your eggs in one basket” applies directly to this concept, as spreading your investment across a broad spectrum is how investors balance risk and reward in their investment portfolio. 

Remember time and expertise are a Realtor's commodity, so loyalty and action are rewarded with more loyalty and more action. 

., East Side of Providence, parts of Newport, etc.) have very few issues and properties there really hold their value, but the investments usually have very meager returns because the properties are in such demand and prices are high.So it really comes down to, you'll need to do your own research and decide where on the risk/aggravation-reward/return spectrum you want to be.

#2 You’re Okay Having Someone Else Take the ReinsIf you’re short on time, but heavy on cash, and want someone else (a professional team) to manage the property while you reap the rewards, you’ve found the right investment.