Hello All,
New Member here. I'm happy to be associating with like minded people.

Thanks,
Averil 

Hi Steve,You make good money, but could use a little better money management if you are going to start investing in real estate.

B grade property walks are attended by my children to run around and tell me which bedrooms they would pick if it was their home.43605, 43608, 43609 are the popular zipcodes for bottom-budget value purchases...I manage a ton in these areas and my personal portfolio contained over 40 43608 properties at the peak. 20% of these properties will be crazy money earners, 20% will be astounding money pits, and 60% will fare average.I have evolved into the nicer 43612/43613 for my personal portfolio and find the properties earn consistently and far smoother than my 43608 houses. ($80k renting for $1200 vs $40k renting for $800 multiplied by the ratio above vs boring consistency of the nicer area) Oh and I have zero excitement for apartments.

I would manage the property.WHAT am i not thinking of, or considering?

First, that it takes a ton of work to find good deals on rental properties, and to manage them profitably on an ongoing basis (even if you hire a property manager).

But that would be difficult for me to manage as I have a day job. 

If you're prioritizing the headache factor, having one tenant is always going to be easier than manage than two, but I think what's more important is that you're vetting your tenants thoroughly no matter what type of property you get.Good luck!

The Operator or the HammerThis is the person that actually runs the physical asset - property and asset management, project management - takes care of the day to day gritty details of operating rental property.

@Evelin Negrete, it sounds like you are punishing them for being a little annoying and for you not managing that better.

We’ve dealt with this for quite some time and it makes things much more difficult to manage.