@Craig RisserA good property management company is KEY if you are not wanting to self-manage.

If the IRS determines that your intent during the year was always primarily to resell (think like a long rehab and flip) then they can call the gain ordinary income and you would pay regular income fed and state plus maybe self-employment plus maybe the ACA surcharge - It adds up tremendously. 

It's SO SO SO important to use multiple, self-sourced referrals to vet out professionals you're using. 

If you goal is to  acquire many, have a real company and self manage, then move to   Florida, you can turn that into 20 doors leveraged.  

Save capital for once you have confidence and a strategy. 

For me, a self-managed, cosmetic rehab (exterior/interior paint, flooring, new fixtures) in KC is around $15 to $20/sf. 

However, what I can suggest is to do a self evaluation.

Market research and self-education are huge.

A lot of forum members are very knowledgeable in their respective fields related to real estate investing, whether that is real estate sales, wholesaling, flipping, rentals, lending, self-directed IRA and Solo 401k investing, or tax and legal guidance.

In particular a individual that is not self sufficient or responsible.