There is a lot more to MTRs than my basic thoughts above, and I wrote this in a bit of a rush, so take everything with a grain of salt. 

That said I'm not 100% confident in this answer so take it with a grain of salt.

AirDNA has amazing numbers for it (which you should take with a grain of salt but is valuable).

Also, the leads come from up to 10 different states, and my only area of expertise is Atlanta and Memphis, so I found it difficult to convert many of the leads.Take this with a grain of salt though, as the service may work for you even though it hasn't worked all that well for me!

@Elias Azo, I suppose I'm a biased real estate agent, so take everything I say with a grain of salt; however, I would highly encourage you to pursue/accomplish your first house hack during Q4 or by the end of this year.

@Ray HageI agree as I would stay away from condos as between special assessments and increase of fees, what is the risk vs reward.Many of these buildings are run by people who are not property managers or have development experience and lack the knowledge to properly run the propertyAlso many don’t realize that on older buildings your initial estimate will be 30-50% less once the work starts, especially on older concrete buildings that are susceptible to deterioration due to the weather in these areas (especially the salt)

Quote from @Margaret Blythe: Quote from @Michael Borger: In coastal areas like Hawaii, where I invest (in addition to Alaska), you have to be mindful of environmental hazards -- hurricane susceptibility, erosion, salt corrosion, etc.

Actually, I was at the unfortunately named "Best Ever Conference" in Salt Lake 2 weeks ago that Joe Fairless (Ashcroft) helped start and all the talk from some very highly placed economists and analysts was that the regulated lenders and banks were the focus.

The only caveat is maybe if you have property management set up that can handle it all, it becomes their problem to manage.I'm in the residential world, so take what I say with a grain of salt.

Take the answer with a grain of salt because values can vary drastically.