However, if managing a rental doesn’t appeal or if the market conditions favor selling, selling could fund a larger down payment on your next home and keep things simpler.

LTR, MTR and STR work in most larger markets (~top 30-40 cities by pop, or be proximity to metros/attractions/employers).

Additionally, a fund allows for diversifying much quicker into a larger number of notes (and which also can be further diversified by geography, underlying real estate asset type, strategy etc.)The downside is that the investor has to feel comfortable vetting sponsors (and not everyone does).

Most of what they recommend only makes sense from an operational standpoint if you are a larger investor and have a team to help you manage everything.Also, ensure your REI-savvy tax pro and your REI-savvy attorney link up during the entity structure creation process so things are optimal on all sides.Just something to keep in mind as you're beginning this journey.

Single-family homes offer better appreciation potential but require a larger down payment and more maintenance.

The BRRRR strategy is always a great option, especially if you the liquidity to continue to purchase properties depending on how much you are recouping when you refinance.

I think paying off a loan with a high interest rate debt and adding to the principal is one way to stay liquid within the property. 

I ask because a lot of new investors are getting lured into the thought of them because you get paid by the government this alleged "guaranteed rent", but that's not really how it all works.The Section 8 website for your area or the larger one should have metrics per square foot for the area.

So even on a small purchase of 80k and getting 85% leverage you still need to be 30k liquid to see the project through that's 37.5% LTV

You could also explain that keeping more liquidity helps you address any potential issues quickly, which benefits both parties.