@Drew Sygit Yeah I think what I'm going to do at first is what @Michael Paling recommends and try to manage myself in a multifam that I house hack so at least I'll be on site.

I'd echo what Drew says.While I don't have as much experience with DHC, I do have a few S8 tenants and definitely agree with his final thoughts...

Quote from @Drew Sygit: You want to use flips to partially fund this venture - flips that will drive up housing prices => rents.

@Drew Sygit Cool thanks I'll look into DSR loans! 

Quote from @Drew Sygit: @Richard Volkov how is it different than fractional ownership, which is already available for the last 5+ years?

Quote from @Drew Sygit: @Ethan Slater here's some info we hope you find useful:Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

How can you possibly believe this based on your own experiences thus far in the transaction and what others, particularly what Drew who has experience in this market has told you?  

Good suggestion by @Drew Sygit to consider section 8 tenants for possible cashflow and lower vacancy. 

Quote from @Drew Sygit: Join NARPMThank you.

Quote from @Drew Sygit: @Mary Jay what do you really want to know?