The range of the spectrum would be that just about everyone is comfortable with an investment use of a year. 

The lower end of that spectrum probably being your sweet spot.

It is good you are taking a broad view of things before acting! 

Like a NNN or TIC product come to mind since they would be on the lower end of the risk spectrum. 

Find 1 new Thing you want to learn each day from within the broad categories: (Financing, Retailing, Wholesaleing, Mortgage, Contract Law, Systems & Processes, etc.,)2.

And, in my experiences, tenants at the lower end of the income spectrum tend to move more frequently and have more wear and tear on property than higher incomes.  

Also, the rent/price doesn't quite match - $1150 sounds achievable for a newer 3/2 south of Stan Schlueter, but I would expect an ARV closer to $150k, not $225k, speaking EXTREMELY broadly, of course, as there are a lot of subdivisions S of Stan Schlueter.Needless to say, PM me the address and I can do a CMA!

And you there's actually a very wide spectrum ( and it depends on your personal risk tolerance, unique financial goals, unique financial situation etc. as far as what works for you.).The downside with passive is that someone has to be comfortable with turning over control to someone else.

If you wanted the top end of the rent spectrum, your place better be top end.

Hello @Bruce Woodruff,There is no general answer to your question because real estate local and broad statements do not apply.