Also, it depends on the competitive landscape.

A lot depends on your entry price and instant equity. 

Sounds like from everyone here that a strong vetting of your contractors is an ever more important part given how much the project depends on them and the rehab costs/time.

All depends on location and what shape the units are in.Thanks for the encouraging forum!

Collecting rents is an art and a science.What you should depends on where they are with their late rents.

The answer to this will depend on how much time you want to spend on this process. 

@Liz Lynn Great example of a reason to do your own DD first rather than depending on realtors/others.

What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?

Hi @Jinxiang XuFoundation repair is common but no pipeline replacement, it depends on the age of the property, but in your situation it could be due to the foundation work done.Service prices are in all ranges.

Another benefit is it is much easier to diversify into multiple markets, asset classes and operators.Just wanted to share an alternative - often active investing is the way to go, but it really depends on the person and it is important to know that there are passive ways to accomplish your financial goals.Good luck!