We're primarily interested in a buy and hold strategy, and would love to find a good cashflow-generating multi-family rental to start out with, get our feet wet, and then hopefully expand.Management StrategyIn order to successfully manage an out-of-town property without tearing our hair out, we are considering a two-part strategy: first, we want a well cared-for property that will attract good people, generate fewer maintenance calls, and have less turnover.

The only advantage I see is that there are fewer newbie questions, like "How do I do this lease purchase?"

Work would get sloppy and I would think potentially dangerous (especially if using power tools) as you get exhausted.

A dash is one thing, Indian foods too much for me.That's why my lease included producing offensive or dangerous odors that caused reasonable complaints or health concerns. :)

Fewer retail sellers to compete with (easier to sell).

The eviction process is a sad and dangerous time.

The problem with the type of magical thinking that appears both in this forum and many other places is it is dangerous.

Here 1 block can make the difference between risking getting shot at and calmly sipping a latte in a cafe.Your choice of PM's will be severely limited in that neighborhood.Here is a tidbit"According to a study published in the Chicago Sun Times in June of 2009, four Chicago neighborhoods – each located in parts of Englewood and Washington Park – are among the nation's 25 most dangerous neighborhoods."

Investing where it's super expensive can be dangerous for a new investor, so if you can find a cheap place to live and can invest elsewhere, maybe turnkey, it's not a bad idea!

I think goals such as "x number of properties in x amount of time" can be dangerous- I prefer thinking in terms of how much cash flow I want to be generating per month.