you mitigate the out of state risk with family member watching the construction crew.but what do you achieve doing this.you end up leveraged to the max  and you TIE up your very very valuable 4 mortgage slots.. only way this makes sense is scale and scale quickly. 

I set up all of my properties as buy and hold income stream producers.

This is the method used to value income producing assets.

Plenty of part-time agents (or non producing...) 

They produced great dividends, but I wasn’t combining that with a market analysis.

It's producing cash flow.

We disagree the market is still solid, supply is low, builders are not out producing demand, rates are low, defaults are low.

Many of the "big name" mgmt companies charge 25% to 38% without actually producing better profit for the owner.

I know some love large multi family but l even a good duplex when bought right can produce hundreds of dollars in cash flow per month.

Whether you are going to rent it out, or create a note to sell it to an end buyer, you will want to know that either strategy will produce profits for you.