Provided you choose the right builder, you get a good quality house that's maintenance free for at least the first 4-5 years.

@Ry Eikleberry $450k will buy you a decent "B" quality fourplex that should generate anywhere from $3,400 to $3,800 per month in gross rents.

Quality of life is more important (IMHO) than quality investment market.... 

A property manager typically has long-term relationships with a variety of vendors that do quality work for a fair price and are responsive.

It takes you from slow to grow in your investing journey and allows you to scale a lot faster in the business through high quality relationships in your local area. 

If you were to buy the whole company, you'd get 53 good quality apartments at $9,279 a 'door' net, per market capitalization.

I am capable of doing the labor required to rehab this unit, but I'm more concerned about the quality of the material going into the renovation. 

I aspire to be their teacher and a positive role model who provides quality time.

Looking for agents in Buffalo, NY for first cash deal on a quality Brrr opportunity.

That way if a tenant goes out you might be able to improve the credit quality with a regional or national tenant at higher rent rates and compress your cap rate value and grow NOI.The retail centers that will get pounded are those to the side, behind other buildings, poor sightlines, etc. where only mom and pop tenants wanted them because rent was lower in a nicer area.