It really depends on the investors risk tolerance. 

The other peoples ideas above are way better (SFH/MFG house hack); but if your risk tolerance isn't there, still jump off the cliff.Start small and Make your Big Mistakes Early.

Any theft or vandalism will not be tolerated as a result of the above mentioned occurrences.

Ultimately its your call as far as risk tolerance goes in case the city check it .. 

Plenty of other super risky stuff people do, but I guess everyone has their own tolerance.   

It depends on the quality of the lease as your starting point, your risk tolerance, and the possible risk inherent in your property and/or tenants. 

Section 8 here in Richmond has some pretty appealing rent and cash flow but I do think avoiding some of the challenges is worthwhile for the time being and my level of risk tolerance.

Learn risk assessment and management techniques and strike a balance that fits your risk tolerance.

Will depend on several factors like the type of property, type of tenants, your risk tolerance, other assets you own, your estate planning, laws where the property is located, etc.

Cristina,The great thing about REI is you get to chose your risk tolerance, partners and a process that you feel comfortable with along with other factors.For me, I do not like JV's or equity partnerships for a few reasons.