You have choices though… from being the butthole landlord who tolerates no being behind… files eviction at the first drop of the hat, to the softy that gets exploited.  

I have a team here that is growing and is able to cover all needsDepend of your risk tolerance,  in your case I would start at least the first one in your area to learn little bit  more and then I would think on out of state investment 

Will depend on several factors like the type of property, type of tenants, your risk tolerance, other assets you own, your estate planning, laws where the property is located, etc.

I just have a higher risk tolerance for asking advice in this area than you.

So I would recommend you take into consideration your ability to tolerate living with someone in your house if you are considering renting rooms, it’s not for everyone.

From there you should have a much better perspective as to what parts of the city make sense for your budget & risk tolerance. 

While it would appear to be a bad move, the tenant in the upgraded apartment may be happier, stay longer, tolerate rent increases and be less trouble.

Risk Tolerance: Commercial real estate often involves larger investments and higher risks, but potentially higher rewards.Expertise and Resources: Commercial properties may require more specialized knowledge in leasing, property management, and market analysis.Market Conditions: Local market dynamics, including vacancy rates, rental trends, and economic forecasts, should influence your decision.Ultimately, both commercial and residential real estate can be profitable investments when approached wisely.

Depends on your financial reserves, risk tolerance, and long-term investment strategy.

Buy less, but buy better most folks here and in the world cannot tolerate the risk of scale for 10-15 properties.