I would like to find a way to generate additional income and am exploring options other than having a long-term roommate.

Additionally, you can still find properties for 120-180k that will positive cash flow and hit the 1% rule.

I'm terrified of doing all this research, finding a "dream" property, only for it to fail and negative cash flow. 

Hi,I am thinking to hire one duplex with two property managers for each unit (as existing property manager taking too long to find good tenant).

As an investor myself, I can also help you find more deals and grow your rental business. 

As far as renting, I'd say find a good neighborhood and do good tenant screening. 

From there we identify properties that could have some potential and if you are interesting in diving deeper, 1) we do a thorough video walkthrough to give you a realistic look of the property, 2) we give a ballpark estimate of rehab costs (we do 40 a year with our GCs o we will get pretty close), 3) we talk through market rent with our property management team, ARV, and potential highest and best use.Ideally you find great investor agents who know their market really well and have a network of resources to provide you with enough confidence to take reasonable action. 

Everyone I speak with wants to umbrella my home until they find out I don't have one.

How did you find this deal and how did you negotiate it?

@Anthony KlemmCan’t find a rental property to cashflow?