I'd recommend as @Theo Hicks said to stick to a weekly report from your PM and then calls on as needed basis.Before you jump into this investment, ensure that the numbers work and the overall investment makes sense = low vacancy, demand is high, town population is on the rise, jobs are available and accessible, etc.Best of luck!

I most definitely count myself as lucky for having the "low risk" opportunities to just sort of 'go through the motions', but maybe its because I have had that chance that I know I still have so much to learn on this journey before I make my first INTENTIONAL investment purchase.

I have good credit with a very low credit utilization at the moment, and I don't really want to jeopardize it too much.

Your agent fees are far too low.

I had a low BS meter before and it’s about the same now.

Seems highly risky for a first investment but those numbers are pretty low for a 4.

To me it’s a myth that any thing low price is insulated from a downturn because “people need a place to live”.

Right now my expenses are pretty low but would like to eventually bring in about $4,000/month.

I'm currently paying above payment on these two existing properties an extra $900 a month to pay down the mortgages more quickly, which could quickly be freed up as well, as they both have low interest rates so this is not really the best use of my money. 

He's willing to owner finance it but after going through comps with my RE agent partner, the house wouldn't get any action unless its in the high $870Ks to low $900Ks.