Keep it simple, paint and carpet, buy a good house in a quality area.

We fixed everything in the first 3-5 weeks, plus paint, carpet, landscaping, then rented it out.

Ultimately, you should choose the option that best supports your financial well-being while striving to keep the relationship amicable.

Owners who choose this option would likely be those who:1.

Choosing a location near LA, accessible by a short flight or drive, will make it easier to check on your projects.

PM companies are like business partners, so choose wisely!

Quote from @Fakaradin Floyd: @John Underwood I would love to do this but where I live sadly there aren't any lower end inexpensive houses I've already tried this and have put in over 5 offers for houses and lost to bidding wars everytime hence why I'm choosing this strategy. 

What's the life expectancy of the roof, paint, furnaces, water heaters, etc.?

If you are limited to those areas for residency, and you choose to keep that job, you are going to have to either a) wait for a couple years and save up a heftier down-payment, b) change your strategy like you said and go for houses further away (do flips, STR or BRRR).Or, if you are sold on the house-hack concept, at some point you might have to look at a different job that allows you to move where house-hacking will work....

If you’re referring to the “newbies” with $10k to their name that watch a video by Pace and get excited and pay for joining, go out with their last $5k and do a sub to with a “desperate” homeowner without revealing all the possible consequences (because they are unaware of the consequences through lack of experience and lack of knowledge and or choose not to inform the seller) then I agree, it’s probably going to turn out badly for all concerned.If on the other hand you’re referring to a seasoned investor with excellent credit, significant cash reserves, who wants to add a property to their portfolio without going through loan qualifying, and can pay enough to give the seller “walking away” money because of the low existing interest rates and or, and is dealing with a informed seller, then I find nothing wrong or negative about the transaction.