-----------------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

Personally I pay $300 commission to get the new tenant, 8% of rent collected, and $150 for renewals.

That could be a PM or you can hire a person to work full time for you. 

Personally, I'm waiting for the lawsuit by a seller against his own broker for refusing to vet a potential buyer and then show to a qualified buyer.

@Travis Timmons thank your for sharing these details in your personal experience.

(Either with the roofing company, a heloc, or a personal loan.)Either way you will probably be way ahead on interest saved unless you have a sub 6% interest rate.

This isn't something I've been able to keep up with personally, so I hire property managers who rely on legal counsel to keep up with it.

Real-life reps, to me, means seeing properties in person, whatever your asset class. 

She is not in a position to lend a personal loan to me. 

Having trusted boots on the ground makes all the difference when you can’t be there in person.