It may make less cash flow/ per month but in may cases in the long run after PM fees and Repair costs, many times it turns out similar.   

There were a lot of costs that we didn't expect like the plumbing had to be completely redone.

Here is an example of what it costs you to avoid professional advice.

But if borrowing costs remain high and interest rates don't fall as many people expect, cap rates will have to decompress further. 

Aside from downpayment, you want to have a solid emergency fund in place, something that can cover unexpected repairs, vacancies, or any other random costs that pop up.I’d also recommend saving more than you think you'll need and keeping a close eye on your expenses.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

I'm looking at monthly cost to seller vs. anticipated rental income, purchase price relevant to the ARV of the area and interest rate, balloon, etc.

Our goal is to be able to use either some type of software or spreadsheets to continue to build off of and help dial in our costs as we begin to hire more contractors for our team.

.$8,000 would likely go away in closing costs.

Usually the numbers don't work to build in these neighborhoods, unless government tax credits, etc.Do you see the problem with your two statements:"The turnover costs could/will be high"and"How much more damage could they do?"