The lower entry costs compared to other markets, plus lower taxes, make it great for consistent cash flow.

Here’s what I recommend:Cash Investments:No Debt, No Stress: With cash, you avoid third-party control and loan vetting, giving you full control of returns.Equity Builders: Partnering with builders often reduces your property entry cost by up to 20% below market value.Consistent 10% Returns: With an all-cash approach, achieving 10% ROI is realistic and efficient.Financing Strategy:If cash isn’t feasible, consider a balanced financing model:40-50% Down Payment: Keep leverage manageable while maximizing returns.Lower Debt Exposure: A conservative loan-to-value ratio (LTV) reduces risks and keeps returns stable.Work with a Builder: Collaboration with builders can lower acquisition costs and increase your ROI.Key Takeaways:If possible, prioritize cash for simplicity, control, and consistent returns.Financing can work well with a disciplined approach to debt and a strong underwriting process.Partnering with builders offers opportunities to reduce costs and enhance your portfolio’s profitability. 

When you are consistently above 820, you may occasionally hit 850.    

Padsplit is a topic of discussion also (STR room rentals), but I think LTR's are a little more consistent with income and a bit less work.

@Jonathan Greene“when everyone knows it takes six to eight months of cross-platform marketing to make stuff happen.”I didn’t think about this until I read your post.  

Been using them for a couple of years now and still provides consistent results.

The trade-offs are real, but for consistent cash flow and the right landlord, it can be an excellent strategy.What’s the best way to start?

If you consistently analyze properties, recognizing a good deal will be much easier when it shows up.

Talk to your agent to get a little more information about this.I agree that if the unit is not permitted to be rented on its own, then it's probably best that you don't rent on any platform illegally.However, if you are able to allow access to the main part of the house, you may be able to rent the space as a room in a home depending on local laws and ordinances.

Crowdfunding: Use real estate crowdfunding platforms to raise funds from multiple investors interested in real estate ventures.