If you're looking to buy turnkey, you might find a property that was previously used as a short-term rental (STR) but underperformed due to poor management or only seasonal use.

I actually had a deal on the table, as a hard lender, for an even split between the project manager, myself and the contractor (a close friend), for 33% across the board, but upon inspection, a water problem was detected and we rescinded the offer.  

I am looking for a house locate in a growing area for potential good tenants ( I will manage the property myself).

They *should* get a "good" salary for managing your money - and they *Should* focus on the deal full time. 

You could do #1 since we have done that with self-managed properties.

Specifically asking about public safety, appreciation vs. cash flow thoughts, and complexity of building a local team (agent, property manager, general contractor).

I manage my own rentals and I also do all my own handyman/maintenance repairs.

Outside of that, I use turbotenant for managing all my own rentals and they have been a phenomenal tool for building leases and self-managing properties. 

.- 10% Pop Growth over the past 10 Years- 10% Job Growth over the past 10 Years- Low Crime- High Appreciation- Manageable Entry Prices- At least 30% Renter PopulationHere's an example of all those rules of thumb with a crime map of Austin, TX.

I believe I can demonstrate that the property was originally used as a two-unit dwelling, which could strengthen my case.I want to ensure this deal is still viable and that securing the proper permits is realistic, as my financial projections are based on this being a multifamily property.