It requires a constant presence, but you will be rewarded. 

It can be complicated because in general its higher risk, but the higher the risk the higher the reward.

Bigger risk, bigger rewards I guess? 

It's not a penalty for those who don't respond quickly, it's a reward for those who do.  

., you can minimize that risk and achieve greater rewards than you'll ever see working for somebody else.With your current rental properties and the completion of your BRRR, you could probably live comfortably while using your Post 9/11 G.I.

It's a good life, a rewarding one...but here's my "problem" I listen to what other successful investors have to say about creating a passive income by developing systems and hiring teams to do all their work (deal finders, contractors, brokers, property managers...)

Even if I burden with 10% management, your $23,390 NOI per year is a 16% cap rate (assuming no financing), and then w/ your financing, you're net cash flow of $1047/mo ($174 per door) is a 40% cash on cash on your $29k down payment and closing costs of $2500.Great find.....if you're comfortable with the repair/vacancy assumptions and risk/reward of this property appreciating or holding flat, or depreciating.Good luck

For me it was a risk/reward for my own plans.   

With respect to the $1000, its a risk-reward proposition.

Focus on who your ideal tenant is, and the risk vs. reward of all the options.