Just make sure everything is updated and you will be able to manage it easily.

You used to easily be able to do this with 2 unit properties, but with prices and rates today it's hard to make this work anymore, unfortunately.

It is possible that over time, Google ranking metrics recognize the uniqueness of your key words, and you move up in the rankings organically (without a cost to you), so that you can be found easily on Google searches for your location.  

If experience is your concern, you can easily partner up with another experienced investor in your area to help balance the risk out. 

You can easily do this on a spreadsheet and it will take less time to track than find and learn a new software.

. - See our copy & paste advice at the bottom of this response.2) Managing the Renovation- Everyone thinks a PMC can easily do this. 

Quote from @Richard Volkov: Quote from @Jay Hinrichs: Quote from @Steve Vaughan: Can these 'tokens' easily beat a yield of 8%?

I generally recommend if you're not going to buy a property in the city/market where you currently live, the next best place to look is where you have family (and presumably a place that you'll visit relatively often and easily).What is your price point and are you looking for turn-key properties or something along the lines of a "fixer upper", assuming you buy in Peoria or a similar priced Midwest market?

Fourplexes in Georgetown today easily top $600,000+. 

I have an outdoor pool that easily have 1k+ people using it every season and I never had single complaint due to the water quality.