For me, it made me more motivated and commit to it more because it cost money/financial investment.In the end, I've found that your worst enemy is Analysis Paralysis. 

The last thing you want when buying a property is having tenants that are committing crimes inside.

It is up to the buyer to do their due diligence in researching the property via, title commitment, lien searches, etc.

MF PMCs work with these vendors and that is less prevalent with SFR PMCs and smaller MF properties; so, if you can break into using those vendors and suppliers, it's a game changer.Hope this helps.

looking to interview a few attorneys in Rochester, NY who can do assignments and double escrows, with a 3-5 day title commitment turnaround time.  

Are they going to burn bridges by committing to you? 

I'll try to come up with something insightful on top of the standard answers you'd find by reading through all the threads on the topics...I'll assume you mean PROS and CONS relative to starting out with Buy and Hold locally here in town.PROS for Turn KeyLess time and lifestyle commitment from Day 1.  

But, overall, I am committed to generating real passive income -- meaning I don't want to mess with the property unless I absolutely have to.  

I'm currently just researching to decide if I want to commit further to the real estate market, as I can't put a lot of time into it until I get a project resolved sometime in the next 1-6 months.I've owned a single-family rental in Covington for about 13 years, and a Condo rental property in Mason for 2 1/2 years.

We were never provided with a commitment letter, which he was to provide within 10 days of signing the contract.