I feel confidant that your knowledge and expertise will bring you much success in your market.  

I feel pretty free to tell someone when I think RE is not the greatest investment. 

But, these broad market studies are so large, they are almost meaningless, in the real world.Between glut of new supply in many "hot" markets coming online, a continually softening economic outlook, inflation over last couple years making day to day items feel cost prohibitive, many average renters are strapped and seeking lower cost housing.  

Plenty of people invest remotely, and as long as you have modest expectations (not chasing the highest possible yield), and are using light leverage, and don't get suckered into buying in a part of town that you wouldn't feel comfortable visiting in broad daylight, plenty of people do this and do... fine.

We primarily serve Palm Beach County so if you ever venture to the eastern side of Florida, feel free to give us a shout!

Here’s the Real Secret: Sellers want to feel understood, not sold to.

.: Quote from @Aaron Murphy: you are probably feeling like BRRR doesn't work because you are trying to turn a 600k house into a rental.

Feel confident turning over management.

The bonus is the lots are worth $300K, which I will build a 10 to 16  plex on when ever I feel like it. 

Because you can assume no Section 8 tenant has good credit, my leasing decisions had more to do with meeting each tenant myself to get a gut feeling based on their communicativeness, timeliness to showing, what questions they asked, whether they looked me in the eyes or avoided eye contact, etc.The downside of section 8 was the annual, then bi-annual, inspections.