Hard to say without live examples.It can be exhausting running numbers all day, comparing real time rental comps to your purchase price and expenses, then getting outbid lol.

@Justin Husband By no means exhaustive, just a few thoughts....some pros to selling: -since the property appears to have transferred at death, you may benefit from a stepped up tax basis if you sell (consult tax expert), -strong sellers market now- hard to find good builders now in many places- avoidance of building and renting headaches- some pros to fix and flip:Can be satisfying to see the house turn around, although not worth the headaches for manyMaybe better profit if you do it right and get the profit a flipper might make too Some pros to fix and rent:As previous poster noted, if it cash flows well you have long term cash flow.

I know some people are adverse to partnerships; however, I think it is always a good idea to exhaust your options before making a decision that might leave you feeling like you "settled" for a property.Good luck!

I think what I've been leaning towards is like some you guys mentioned possibly using another lender or HML in order to tackle something bigger while not completely exhausting my funds.

Once you’ve decided that you’re ok with long distance landlording there are just a lot of options that might work out better than an expensive east coast condo.

Find a cheaper school but dont get an MBA from there...it needs to be more specific than an MBA...which is too general in my opinion.

The rent where I live is less than an even interest-only loan on the value of the property.

@Nico Murillo Why on earth would you come to Texas before absolutely exhausting your opportunities in California or places closer, including places like Arizona? 

I would rather have two 4plexes than an 8 unit honestly.

To me, this is the bigger issue than an A/B structure.