you mitigate the out of state risk with family member watching the construction crew.but what do you achieve doing this.you end up leveraged to the max  and you TIE up your very very valuable 4 mortgage slots.. only way this makes sense is scale and scale quickly. 

We schedule 10 showings for a Saturday & Sunday, last minute cancels and I have the time slots filled same day.

All others have worked out a decent ROI.Another reason why I stopped using this site, is back then I could bid for an auction, and could bid on any property in that auction slot. 

Many homes in the Seattle area are getting 50-60 offers and buyers are getting sweet-talked into paying $300k+ above asking price and waiving all contingencies after spending a 15 minute time window at the house, because all the slots to view the home get booked up and there isn't an opportunity to even do a pre-inspection even if the buyer wanted to. 

I'm interested specifically in rentals because I see slot of potential in that aspect and it seems more like something I would like as opposed to say flipping.