On the other hand, sometimes fame and celebrity can get somebody singled out to be harassed when they would not possibly have been at had they not been a high profile individual..

Simple.

It is much easier to start with a simple, functional property, learn the basics, and grow from there.You are on the right track.

If you enjoy hands-on management and rapid income growth, this could be your strategy​​.Considerations: Expect higher maintenance costs, variable income, and stricter local regulations in some areas.3.

He prided himself on being hands-on, convinced that no one else could do the job as well as he could.One evening, exhausted from another 14-hour day, Michael met with his friend James, a seasoned real estate investor."

It’s like handing SFR investors a cheat code to multifamily.

They're all obvious and simple, but do require work.

That said - I think a simple muitual fund would give me better returns on the same money ($900k) at 8-12% (i.e., $72k - $108k). 

It's theory until realized. ie SOLD and $ in hand. 

Unless this is strictly a student housing for IU play you would want to be extremely hands on to make this work in my opinion.