In the lower class neighborhoods, it's imperative for the landlord to never get comfortable and try to run operations on auto-pilot.

Managing your own properties is fine but in TX if you open it up to others you need to operate under a broker’s license.  

Most turnkey operators seem to recommend min $100k purchase price and $800/mo. rent to avoid taking on properties with deferred maintenance filled with tenants that are more trouble than they’re worth.

I'm interested in fixer-uppers, C-class assets in a B-class area because I'd like to operate using the BRRRR strategy.

$1000 / month for coin operated laundry?

My local craigslist is loaded with apartments for rent that indicate we do not accept section 8 tenants.....

There are large brokerages that operate multi state.

@Manna Sivia you also need to consider your operation expenses such as technician headcounts.

Front load interest and you are perpetually paying interest forever.

Lower operating costs are definitely a consideration I take into account when I’m looking at property, and I think most would agree that a house with $0 electricity bill is preferable to one with a bill.