What is your risk tolerance, and are you ok with properties that need work, or do you want turn key?

I think if you're in it for the money, location in a decent sized metro with a lot of transient work force would be key.

The key though is to find the right product type in any area you're considering as there are always good, better and best products in every market.   

I would add to the "sales" portion of the advice above that timing is key.  

If the turnkey company gives us an idea what the property is worth, our verification doesn't go back to the turn-key to question about the value, no we instead turn to third party i.e. independent re searches that verify the value - and same with all other information given to us by turnkey companies, realtors, sellers or whomever your are interreacting with."

If you're willing to be more active, purchase a property or two in an area you personally know well and have key contacts (handypeople, contractor, lender, etc.).

This was a new purchase with a few vacant units so I couldn’t prevent the vacancy at this time of year but going forward I will make sure none of my leases are expire in NOV-DEC.

Negotiation is a key skill in real estate.

Managing money might not seem as exciting as closing deals, but it’s one of the most crucial aspects of running a successful real estate business. Properly structuring your bank accounts ensures that every dollar in y...

Otherwise, there are over 20+ CPA professionals/firms here in Biggerpockets specializing in real estate (key point).