My wife and I work full time jobs, so dealing with tenants is a low priority. 

If you ended up in a property that has low grade materials, you can replace stuff more frequently than expected meaning higher costs than if you had done it yourself.

She communicates when/if I’m low on any inventory and/or if something breaks/is different right away and it’s been great honestly.

Guests, just like those at your personal residence, require all sorts of amenities we don't often think of beyond the heating, cooling, water, waste, electricity and internet that hosts are responsible for.

I know that it is the flavor of the month, but remember just because you get a subject to deal or low interest rate does not mean that it is a good deal.

What do you think are the best neighborhoods (low crime, good schools, able paying tenants, close to transportation, shops, restaurants, etc.) and which areas you would stay away from ? 

They may speak to you directly.I have to say that buying occupied may have more cost and wait time involved but if the price is so low you can't go wrong then it may be ok.

It’s a lot of labor, but low material cost.

Well most likely build but aren’t opposed to buying (inventory is so low in our area however).  

While there are low and no money down real estate investing methods you can explore, the reality is, you need to capital to invest in real estate.