Real friends and family will understand this.

G'Day Alejandro,As a few have already mentioned, take a peak at Toledo also.In my opinion lower potential for long term appreciation but solid/"boring" cashflow.I prefer my portfolio to be "boring" but cashflowing lolLow entry points (Sub $100,000), high rents (Above the 1% rule).Blue collar working class decent folks that will stay and pay.Depending on the area but no derelict homes, yards well kept, cars with wheels and all tenants are employed.Plus, all are sophisticated enough to pay rent online so property management doesn't have to collect rents with bullet proof vests and shot guns lolI'm bias toward Toledo but it's worth considering.Wishing you much success

@Brian Glasser is a solid agent/project manager in KC and has done dozens of BRRRS himself there.  

We've seen 3% for 100+ unit apartment complexes, but they also have onsite staff not included in the 3% management fee.Two other pricing options to properly understand:1) Fee charged based upon tenant payments or just occupancy.

As we all know, the standard way BP says to calculate cash flow actually leads investors away form long-term opportunity and leaves a lot of investors on the sidelines because they don't understand IRR and the multi layered dynamics of investing long-term.  

However, understanding the passive activity loss limitations is crucial before making this investment.

I like Warren Buffet's advice to make sure you understand the investment completely before investing.  

Be honest, be kind, and be understanding.

But it would be good if you understand how this is done just for your education etc.  

First off, let me start by saying I logically understand a winers attitude is not based in victim mentality.