Minimum cash required is $185k (for the full DIYer) but most that want a more hands off approach should have at least $220k (downpayment, closing costs, professional design and amenities).  

Additional Details:The property is in a desirable area with good amenities nearby.STR data from AirDNA shows decent revenue potential, but the lack of comps makes me hesitant.I’m looking for a balanced approach that minimizes risk, even if STR performance doesn’t hit expectations.If anyone has experience investing in Cincinnati or navigating markets where STR data is sparse, I’d love to hear your thoughts.

Since you're just starting, the best approach is to focus on learning and networking while planning your first project.Watching videos is a great foundation, but hands-on experience is where you’ll really grow.

It’s a great way to learn property management and start generating cash flow.Focusing on cosmetic fixes like paint, flooring, or light remodeling is a smart approach too—manageable projects that can still add a lot of value.

Therefore expect a 15 page home inspection report   filled with corrective measures you must satisfy otherwise the buyer walks.All in between turning over the home, ordinary transactional costs ( broker fees, transfer tax, loan payoff fees etc.) seller assist, repair addendum repairs its very possible for your exit fees to approach 13-15% of the properties sale price. 

Not saying your kid is or is not on the spectrum, but just food for thought in how you approach it.If they are on the spectrum, I would highly recommend making a concerted effort to go to open houses so he's constantly looking forward to something on the RE agenda.

There are two main approaches to getting started with Section 8.

Always approach as a developer with a specific usage.

For investing, I'd always recommend house hacking to start off, as it's the most approachable strategy, and you also learn very quickly if you like owning rentals or not. 

The overall experience was ok, I think the Morris group realized that partnering with new construction groups is a cleaner approach rather than selling dilapidated properties and trusting rehab teams to remediate the property in earnest.