Provided you choose the right builder, you get a good quality house that's maintenance free for at least the first 4-5 years.

@Ry Eikleberry $450k will buy you a decent "B" quality fourplex that should generate anywhere from $3,400 to $3,800 per month in gross rents.

Quality of life is more important (IMHO) than quality investment market.... 

A property manager typically has long-term relationships with a variety of vendors that do quality work for a fair price and are responsive.

It takes you from slow to grow in your investing journey and allows you to scale a lot faster in the business through high quality relationships in your local area. 

I don't think any of us can be totally sure.I think overall the safest strategy is just to remain vigilant in keeping up to speed with trends, data, and potential factors impacting various markets to help us keep level headed as we move business onward and upward.

If you were to buy the whole company, you'd get 53 good quality apartments at $9,279 a 'door' net, per market capitalization.

If you aren't trying to do the same thing as me at the same speed as me with the same risk as me, what I would do in your position quickly becomes irrelevant.

I am capable of doing the labor required to rehab this unit, but I'm more concerned about the quality of the material going into the renovation. 

I aspire to be their teacher and a positive role model who provides quality time.