After all, entering at a higher price point got you rewarded much greater than entering at a lower price point area.

The risk reward is still worth it to me though.My suggestion is to find your property manager first. 

If they are great tenants you can reward them.

The risks everyone has mentioned above are very much a risk, but it can be a very lucrative business if you're willing to take the risk with the reward.  

Location ultimately seems to always come back to haunt or reward many buy and holders longer term. 

It is important that you understand exactly what you are doing and what the risks and rewards are of each arrangement.

My experience has been if you buy for cash flow w/ PM out of state, that PM/contractor will find a way to suck up all that cash flow so they get the reward while you get the risk.

Wondering if anyone has signed up for and using Piñata to help your tenants track (and reward) their on-time payments?  

Oftentimes experienced investors have been in the game so long that they forget what exactly newbies struggle with the most and where to dive into further details without glossing over what may seem trivial to them (but not the readers).I would also want to reward these experienced investors with sharing their time and stories with an engaged audience by providing them a platform to share a particular CTA: whether you have a helpful newsletter, YouTube channel, or looking for leads in a particular area, you sharing your story is also a means to connect with readers in a mutually beneficial way, more than BiggerPockets alone would offer.

A cool new program that that just instituted rewards getting everything done before that come to inspect.