But try to factor in that unless "B" above is true, you'll experience growing pains becoming one of those successful out of state investors.  

Any contract with roommates can cause you significant pain, when a eviction is looming.

Pain in the butt.

If you really don't want to have to qualify and go through the pain and expense of a refi in 30 months (that would be me), pay it off!  

I know the pain of failing on a flip.  

Im familar with this property as I invest in this area.In fact, I even gave them a nice low ball offer that they didnt take :-)Its in solid condition, what types of violations are on the report (Link didn't work for me)No seller I know will fix violations, they are a pain and Chicago is very complex when it comes to permits and the building department.  

While my background and skills as a clinical psychologist might not help me out in the financial acumen department of REI, undoubtedly my personable yet professional nature, my skill and motivation to understand others, and my desire to find mutually beneficial outcomes will help me as a landlord.

The draws for repair was a little bit of a pain in the tush because they kept asking for licenses for general contractors and such, and licenses are not required here in VT.

Instead my husband did everything you described, but I do feel your pain.

The stocks have been mostly failures, though, with one surprising success, while mutual funds have mostly gone nowhere.Though I’m not looking to get rich fast, I’ve found typical investing strategies to be painfully slow.