In the most basic terms, the pros have experience renting out properties and vetting tenants, handling repairs etc. and take all of that off your plate, with the con being that this costs money thus lowering your return. 

Looking for a place in Atlanta where I may be able to purchase brand name new appliances for wholesale prices - or at least at price points lower than the usual big box stores.

I'm looking at lower income multi-family complexes in Birmingham.

They prefer to credit back rather than lower prices to keep the prices stable for appraisals.

Overall a lower ongoing expense but it lacks the privacy.

Not only does this property have two mobile homes but raw land where my dad has his horses, and where he parks his horse trailers, tractors etc. in order to sell it we would have to sell the property as a whole. these rentals though in great shape and being updated would be classified as lower income properties. 

“Demand for homes priced below $250,000 is driving the emergence of new submarkets like Manor and Del Valle, where builders can construct homes at a lower cost,” Vaike O’Grady, Austin regional director for Metrostudy, said.

Owner occupied loans are at lower rates and higher LTV (but you may choose 80% LTV to avoid mortgage insurance).Learn as much as you can in the process.Good luck

Luc:While nothing like the craziness in the BC's Lower Delta or southern Ontario's horseshoe, Halifax {proper} has enjoyed a pretty healthy  run of appreciation over the past number of  years ... to the point where we no longer seriously monitor the market as it is over priced from our perspective.

Vice versa for lower returns you will be in better areas.