So you wouldn't necessarily change your monthly CapEx numbers for it but you would want the purchase price to reflect it.As for property management, I would always suggest to include the number.

Best education if you asked me.

I am educating myself on buy-n-hold investing.

Yes, I recently have met investors who own 35+ homes in Michigan (not Detroit)...Maybe with all this investor activity and bulldozing that will change? 

@Craig Curelop, I haven't been to one but I would seriously consider it.Benefits: NetworkingBeing with like mind individuals (You never know, you could meet your next partner, financing, mentor...)Jim Rohn always said that you should invest in yourself, never skimp on education. 

Markets Chang and multi-family prpty are financed differently than single-family.  

If you want to make 30-40% on $100 million, I would say that is highly unlikely to happen.On $50-$100k, depending on the market, you could definitely do that.The ratio of your time to the money you have can change your percentage return dramatically.

Before I ask the questions, I'd like to point out that I am a complete newbie to the world of real estate and my only education thus far has been reading the Beginners Guide here on BP.

Great educational content out there.

I have lived in Dallas Texas County all of my life and I have seen many changes in my 59 years.Texas is a great place to be.