Don't let the 85% influence your numbers.

I also became a continuing education provider, spent many thousands identifying and getting to know the centers of influence and the big players. 

Having self-managed in C areas for many years, I strongly believe that the actual answer to your question is going to be strongly ("extremely" is probably a better word) influenced by the management company you choose and your ability to manage the management company. 

@Daniel GimaThe high upfront capital cost has definitively influenced my decision to shift my strategy to out of state multifamily, but it’s still doable.

So people are generally willing to pay an amount that results in a 9% return on their property in Omaha.Now this is obviously influenced by other factors.

I also have a daughter going to college in 2 years and I'm worried about how investment property will influence how much financial aid she will receive.

What trips people up is the, probably pretty true, narrative of using wealth to influence politics to create an unfair playing field.  

Who influences you?

Don't let their negotiation stance influence your discipline on what constitutes a viable project.

They still do what they think is best and later have to live with the consequences.I just enjoy my limited time around them so their actions do not influence my life.No legal advice.