Look at the managers for both sectors; look at the amount of work that you will be doing- pick the option that allows you to learn as much as possible and develop your skills as a real estate professional (the job/manager that is fun might not be the best for you to grow). 

In my city, that much would by a really nice house in the expensive area of town, but I'm in Knoxville, TN. 

Your cap rate is still a nice 14.4%!

Though difficult, wealth development is not impossible.

Many of them are experiencing significant development, but they're still far from offering the kind of dining and nightlife offered Downtown.

ok I don't buy a lot of flips anymore, but I did some in Vista,and mostly north county if I come across a great one I buy it but I get a lot of deals in my desk daily I can send you some of the ones I don't take I am more focus on multifamily and land development now.

Friendships are formed and its nice to pick up a phone and talk to a local investor when you have a state or city specific issue or just to go over a deal or neighborhood. 

In the last 9 months while working a new full time job (when I started my real estate journey) I have one rental house currently rented out and cashflowing, a fix and flip that is in process, and I just made an offer for a duplex with seller financing and limited money down that will cash flow nicely.

It is a nice area in a great school district.

@Benjamin MolinaIt was an appreciation play and likely putting their cash in a safe haven.There is a lot of speculation on Midtown area at the moment with the new arena and new property developments going up.