Or maybe even just focus on properties with a very light rehab?

Single story so you don't have to worry as much about load bearing and weight.

I’d like to get the community’s thoughts on this, especially in light of all the syndications that are happening.  

I am a newly minted broker myself (Q1 2024) and can shed some light.

Similarly, do you set an hourly rate for light maintenance performed by the PM? 

I personally like House-hacking as primary choice in this market, followed by a light rehab BRRR, lastly would be flip or long term hold (unless you got a smoking deal!) 

That should be your guiding light ..

Tenants should be 100% responsible for consumables like air filters, water filters, light bulbs, etc.

This year, between tenants, I will be replacing the carpet with vinyl flooring, updating the bathroom vanity/lighting/mirror, and some other small updates such as changing out light fixtures, and faucets, and switching the old blinds from fresh curtains.

Luckily its only a mile away and a short drive with no street lights or traffic.