:)I am from scorching AZ and thought I would introduce myself.Below is my profile "about me".In 2018, the light bulb went off for me.Many of you know this feeling.I have committed my life to personal development and attaining financial freedom, using real estate as that vehicle.Currently, I am a physical therapy student.I am working on the skills of attaining money, keeping money, and using money.My 5 year plan is to save what I can as a broke student, eventually completing my savings as a graduate and new physical therapist.Over my next 5 years of saving, my goal is to read over 150 books and learn everything I can about real estate and business topics.I believe this knowledge and quest to build relationships with local investors will allow me to hit the ground running once my savings and career goals catch up.I lover BiggerPockets, and I am excited to be active in the community.I am a newbie, but I will not be a newbie that posts one time and disappears forever.Say Hi!

@Brad E.It seems like you hit most of the pros and cons.Some other things I would consider include ease of selling the properties in the future.

There were maybe a dozen team members at the time and very little if any technology or efficiency. 

I also regularly know about multifamily properties before they hit the market which gives my buyers an advantage, and have a property management background.

I had hoped to spend $20k but underestimated some of the costs and also splurged on some of the rehab (I installed a new high efficiency central furnace, on-demand water heater, all new appliances, etc)Rental Details:I posted the property on craigslist for $2,490 and had one open-houseFound great tenants who signed for a year lease at $2,490.

Once we hit the basement we saw foundation wall cracking as well as standing water from a recent rain and evidence of water seepage over many years.I did go to a very well-respected and well-known local Foundation specialists rather than an engineer simply because I knew one and I had less than 12 hours to make a decision on the property. 

Only downside is about 5 business days for money to hit your account from the time the tenant executes payment online.  

Please hit me up!

Constantly hitting the jump back to relisten to something.

Or you could sell and 1031, however you’ll have to stick to a strict timeline with your next purchase to avoid the big tax hit.