I had one guy I talked to last week who flat out asked me if I was going to have heart burn if he said I send you property I have tied up for 10k and I am king a 90k assignment fee !! 

Maybe I'm cold-hearted, but I'm OK charging $500 in security deposits from each of 4 students in a 4 bed 2 bath house (my wife was in such an arrangement) while requiring parental co-signatures from renters.

REI is not for the faint of heart! 

I wouldn't assume either but rather seek out some local investors and see what they are doing and how it is working (or not working) before you jump to the conclusion that it is too expensive and try to make things work in an out of state market that you are not familiar with and will need give up control to depend on the kindness of strangers to keep your best financial interests at heart and make or break your investment.

It is in heart of the city and very urban.

Have always liked the idea of real estate investing but didn't follow my heart.

He should help guide you through out of the kindness of his heart because he values your friendship.

In the end, there is a very, very good chance that at least one of them will want to leave and the remaining tenant(s) won't be able to afford the rent so everyone will scramble to find a replacement, usually anyone with a heart beat and a minimum-wage job.Hate to be a Debbie Downer but it's reality.

A nice lake front, ocean front, mountain top or cool place right in the heart of the action will always do well.

The Universe knows your heart.