If you have unlimited time and energy, then go for it!

Invest in wind farms and build ITC (Investment Tax Credits) then never spend energy (no pun intended) on tax considerations.

I do think there is A LOT of competitive intensity in JT in terms of design - lots of young energy from LA, etc. buying up homes and breathing creative flare into the area … so it’s hard to be a big fish and stand out like you could in almost any other market. 

Also, if you haven't done so already, I recommend you invest a lot of energy learning more about real estate investing via books, BiggerPockets and networking with other investors.   

This does cause some guests to question "why the house gets warm" every day but it is a simple response to not freeze up the AC unit and to conserve energy/reduce costs. 

I recommend managing your own property first, and if you don’t have the time, interest, or energy to do so, let someone else do it.Most of our clients are professionals - physicians, business people, etc.  

:Person 1: Little experience, limited time, but will be investing 80-90% of the funds for acquisition & rehab of the propertiesPerson 2: Has 20-25 years of real estate knowledge & experience, will be investing 10-20% of any needed capital, can find & analyze the deals, devote the time/energy/legwork, manage any renovation projects, has a database of buyers/sellers, holds a RE licenseThank you in advance! 

@Jonathan YehThat sounds exhausting.Building a home takes energy, capital and time.

Everyone who I knows that did them has regretted it because it took far more time and energy dealing with banks, contractors, inspections, etc. than it would have taken to find a partner or hard money guy. 

You have to decide how soon you want to move in or start remodel on unit you want to occupy which would make that unit the one you focus on getting available.The time and energy you spend on finding all new tenants with a empty building, and having to do cleaning, and turn fixing prior to renting will eat your pocket book so unless your prepared for those costs take the building occupied.