Correct this is a very niche industry that is high risk high reward. 

Their perspectives have been invaluable in highlighting the nuanced balance between the challenges and rewards this venture entails.Self-managing, especially given the property's distance, presents unique challenges, primarily revolving around the commitment required for regular maintenance and promptly addressing tenant needs. a property management firm I'm considering offers a fee of 9.9% or an intriguing maintenance-only service at $95 per month.

Got multiple offers, 2 offers fell thru and 3rd was the charm, sold over asking price!

Exploring the less sought after areas for gems can be quite rewarding. 

It is one, of many components of the return, but it is not the total return of the asset.You're 100% right re: risk/reward. 

There is a high barrier to entry in coastal California, but if you don't actually need the cash flow to live on right now, you'll be rewarded in more equity gains than the cash flow you'd get out of state in most cases.

Reward: Compare the risk profile of flipping vs. buy-and-hold.

Bigger risk, bigger reward - but only from a Cash flow perspective.Typically as Sebastian said these are D class or C class at best.While you might be getting a better return on cash flow you are not investing, you are buying a business.

If you can't, I wouldn't do it.Debt increases risk AND reward.

No, she doesn't deserve to be rewarded.