Has some major flaws.

Investing out of state as a rookie is a major mistake, like starting a land war in Asia.

Experienced managers can help evaluate potential investments by providing insights on rental demand, market rents, tenant preferences, and location-specific factors that affect leasing success.For example, rental properties need to be close to conveniences like major roads, shopping, and schools.

It was built in the 2010s and located in an established neighborhood with convenient access to schools, amenities, and major transportation routes.

It was built in the 2010s and located in an established neighborhood with convenient access to schools, amenities, and major transportation routes.

We got three estimates from masonry repair companies ranging from $7,500 (patch) to $35,000 ("do this repair now or you will need a major $80K repair").

I have construction loan on the current house I'm building and used similar strategy (land was purchased outright and used to cover majority of the down payment).

It kills 2 birds with 1 stone in the sense that it offers me evidence that the property is cleaned and everything is in place before guests arrive and watching video after guest departs helps me make sure everything is there, and nothing is missing / damaged from last group.

They may just lay off a little when next major assessment/revalue comes. 

I agree with the majority: the wisest move is to live in an affordable market where your dollar will go 3x as far.