Quote from @Victor Patel: I recently invested $60K with a local hard money lender who has been established in the area for decades.

Follow the local licensing and disclosure laws.

He is our local expert realtor and real estate investor! 

To find the best community bank, I would post in a local facebook group and ask which are the best local lenders to work with and ask for a specific contact.  

Similarly, if you are you a medical professional with strong connections at the local hospital, then target properties (and their owners) that would attract medical travelers.

That will give you a good idea of how it will go.Plus you can go over to https://awning.com/airbnb-estimator and put in some addresses and see the local competition.

    - Criminal, eviction, employment and background check- No guarantor outside of householdThanks in advance for answersGross income should be 3x rent, or whatever your locality allows, with the section 8 counted towards that income.

If you're a landlord, then you'll want to educate yourself on the local laws.

Here in FL in addition to management I also broker for investors, and curate a weekly vetted STR list with local homes. 

Make sure the zoning, local building department/regulations, and neighborhood allow you to put a tiny house on your property and rent it out.If that is not possible, using that money for the next property makes sense.In general, I think increasing housing density will help provide more badly needed housing affordably.To Your Success!