Is a property with that much needed repair work maybe too large to tackle for a beginner in my position?

My partner, @Brandon Abbott, and I are actively seeking large 100+ multifamily properties in the Raleigh-Durham market.

I plan to convert an upstairs large closet into a bathroom, opening it up to the newly created master suite, making it a 2 1/2 bath home. 

What happens to the returns if you stop self-managing and are you okay with that as you scale or would you prefer to stay small and local? 

Trying to squeeze 12 units out of it with an event space and possibly large kitchen.

There is a reason OOS investment homes have been bid up- that’s to a large part by CA investors with lots of equity in their primary home with the ability to invest.

Good work already @Michael Breedlove and its only natural to start thinking about scaling.

It scales better.There are crappy syndication and unprofessional offerings and communication out there as well. 

Using a buying agent for large purchases isnt normal practice since the listing firms are seeking dual agency and wont co-op commissions.  

A condo is similar to a house but with a lot less control over the investment:The HOA can hit you with "special assessment" fees whenever they want to make a large repair, hurting your cash flow.