I guess I should’ve included some of these aspects in my original as this deal is very specific to my situation.

I like the take on managing the managers, taking yourself out of the tenant-facing aspects of the business.

., the deal won't fall apart if I decide to take the weekend off or spend the day at the park with my family).For me, a deal has to (at minimum) meet those criteria for it to be considered a "good" deal.I'm not saying I'd never do a less where the criteria didn't come in less than that, and I'm not saying that I wouldn't trade some aspects of the deal for others (for example, taking on more risk for a small amount of time for the opportunity at greater profit).Just my $.02...

Being profitable is by far the most important aspect of this for me, but I would be living in the building.

Securities laws are probably the most misunderstand aspect of real estate investing.

In that case, I'd price it to sell, given that if you rented it out it would have terrible cash flow from a rental aspect.

I can purchase their for $40-$45 per sq. for 1500 sq. ft homes.As Jason pointed out, price at purchase is only one of hundreds of aspects to being a landlord.

Which kinda brings up another aspect.

Had no experience in any of those aspects!

Welcome to Bigger Pockets, Chris.Bigger Pockets is a great place to learn about many aspects of real estate investing.