It really depends on your goals, your skills and your time. 

When I was a medical student we rented a house. 5 med students in a house, with a dog.To this day I wonder "what was the owner thinking!"

Oh, btw, I had the rekeyable locks put in when I rehabbed this (been using those for the last 3 years now) so it didn't cost me a penny to change the locks and I don't need a handyman to do it (normally I do because I have zero skill). :-)

So, if a property meets the definition of market value, the price struck IS the market value, there is no instant equity.Now, as Will points out, it is possible to get a good or better deal due to your skills, you could be the slickest investor around and you might be dealing with the dumbest guy in banking and get a great deal, but you're not meeting the definition of market value either.I got what I thought was a heck of a deal on an REO property a few years ago, the bank examiners were doing an examination of the bank and were, I suppose, hitting the bank gigging them for holding the property, I was in the bank and the guy said we've had this too long and basically we need it gone.

There is no right answer -- it will very much depend on your personality, your situation, your skill set, etc. -- and most of all, it will depend on your short- and long-term goals.Without knowing you and what your goals are, there's no way any of us can answer that question for you...

Don't forget that just as learning how to manage a property is a valuable skill, so is learning how to find and manage a good property manager.

What if they have no money management skills, causing their bankruptcy?

And numerous medical bills.

Today, professionals receive much more formal education than they do through informal experience, such as a medical doctor going through residency.

Keep in mind to never downgrade her opinion and you do not have to agree with it but you can understand it.Try not to control his opinions no matter how negative she may be but use your persuasion skills as an investor to share a more positive outlook!