I would personally recommend getting a first choice property manager and having a back up one as well.

Any recommendations as to which market is the better choice to buy and rent?

@Roland Cheek remember, with contractors your get your choice of two: quality, speed and cost.

With a six figure income I'd personally look for a multifamily property ideally 5-10 units (up to $600k) with value add that makes sense with a property manager.If he more of a passive real estate investor then I'd spmit the money over 4 to 5 real estate syndications in different markets.To be truly passive and not in real estate with a long time horizon total market index funds are the way to go.With a six figure income I'd hope he is investing significantly in a 401k so real estate is a good choice for these non retirement funds.

Hi all! With rates low but purchase prices high, and uncertainty in the air, I've had an offer accepted. It is my first attempt to get my foot in the door with buy and hold real estate and I'm not gonna lie I'm scared...

Were the applications and lease agreements sufficient? 

Someone help me out I'm trying to win a 36 pack of Beer of my choice.... 

I think back to The Rich Dad Poor Dad book when as a kid he was given a choice to stay working at the convenience store or learn how to grow wealth.

To me, success is NOT a destination, and failure is NOT an event - success is a process, failure is a choice.

It was their choice to buy such a deal.