You really need a great team and you really need to know the market intimately and in detail.

To me it seems the judge in Jersey City doesnt want to hear much of tenants crying and explanations, she seems to always award the landlord in non-payment cases as there is not enough time to go into every little bit of detail.

Making a detailed analysis of how this property is expected to perform is essential.

I'll get a higher IRR with less headaches and risk by having 20 doors that pay $2000/m in a gateway market, but those details are rehashing old threads.Point being: I'm invested in our market because of the long term appreciation, which is largely a function of our public policy and desirability. 

Now, if you're very organized/detailed person and you want to be a landlord yourself, you can invest that money in a single family rental.

Single and small multi both have their merits- i prefer small multi :)Also, here's a section of a post I just made on another thread about a more detailed method of cap-ex calculation:Truly, the best method for the over analytical, is to segregate the cost of replacement vs. remaining lifespan of each component of the property & find out how much need be budgeted yearly until replacement of that component comes due.

Personally I have an offer on the table as we speak for 4.41% 5 year ballon commercial loan LMK if you want further details - Yes LLC - yes personal guarantees / New construction so I'm doing 20 year amort Lender will allow 25 just my preference.

I'm working with an investor who found a property with GREAT potential, but I'm having a hard time finding comps for an ARV.Property details:~1800 sq. ft Ranch1.07 acres4 bed, 2 bathThere are only 3 "comps" within .5 miles from property and 20 within 1 mile (sold in last 365 days).

Get tight with a local REI friendly lender to go over your particular scenario in detail. 

@Connor HeimMost small dollar units of property that you mention can be expensed under the 'de minimis safe harbor' by making an election on your return.A competent CPA will ask for a ledger or detail of the supplies account and fixed assets accounts to make sure everything is where it needs to be for tax efficiency.