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. 

Besides risk tolerance, I cannot think of another good reason that 100k is my max. 

In general, where you invest depends on budget, risk tolerance and what you are trying to achieve.

This can result in unexpected financial burdens.It's important to carefully consider these factors and determine whether a condo aligns with your investment goals and risk tolerance. 

(Zero tolerance for peeling paint, gutters must be clean, no tree branches touching the roof...)It’s a solid program to participate in but definitely is more expensive than a standard rental to maintain. 

Anyone giving you advice here without asking your risk tolerance preferences is not giving good advice.Let me ask you this.

& have an amazing tolerance for grubbiness in my own home, but that's TOO MUCH even by my very lax standards.

I would think flipping is best done in person due to the time line, but I thought the same thing about BRRRR because of the intensity on the front end and I still see out of state investors doing it successfully; so that's probably just a personal preference related to risk tolerances.

Depending on your tolerance, you can still find cash flow as long as you are ok looking in less trendy areas.