Depending on what your risk tolerance is and if you do obtain a loan that has a due on sale clause such as mine does you would have to hedge your bets against the lender enforcing that if you transfer it after the sale. 

Each investor has different risk tolerance, resources (knowledge, time, money) and goals.

Which class is better will depend very much on the network and risk tolerance of a particular investor, the specific market conditions, and several other factors.  

Lastly, I know it is frustrating dealing with late payments and you are probably dealing with this largely because the previous landlord set the expectation that paying late would be tolerated.

I think it all depends on where you fall in the spectrums for risk tolerance, interest in the subject matter of real estate itself, and of course your financial and personal goals.

A lot of people are very comfortable buying a single family home or a condo, because it's in their comfort zone rather than putting $250k as a 20% downpayment into a commercial or small rental apartment building.I'd recommend staying within your comfort zone as you start out.2) What fits into your personal finances and risk tolerance?

But guess it depends on your risk tolerance.

What is your RISK tolerance?

After all there are plenty of attorneys there bidding (AOW), and I'm pretty sure they would never tolerate being told they must attend some petty training in order to bid, after they had already completed college and law school. 

My ******** meter getting more accurate all the time and my tolerance for ******** is zero.