I'm leaning toward 2 duplexes to avoid needing sprinklers/commercial building code. 

I'd rely on her to handle much of the day-to-day management.Given this, we're leaning toward a single-family home where we can comfortably rent a room to someone we trust.

If I pay it off, I could maximize cash flow earlier, reducing financial stress and allowing me to focus on other ventures or simply enjoy life more.On the other hand, I know some people advocate for keeping cheap debt and using the extra cash to invest elsewhere for potentially higher returns.Why I’m leaning toward paying it off:Security: No debt = peace of mind.Financial freedom earlier: A fully paid-off rental would give me a significant monthly cash flow?

What’s your vision for your next property - do you see yourself leaning towards value-add projects, or are you focusing more on turnkey options?

Rent out our current house (likely $5k/month) and rent a home in Seattle (around $5k/month).Right now, I’m leaning towards option 2, but I’d love to hear your thoughts or suggestions!

My number 1 tip would be to go off market and find owner that wants to sell at a discount / prefers speed and convenience. 

This hurt apartment demand as a big attraction to apartments is usually their convenience to the metro and people’s offices.

I will say that it's also probable that our VRBO guests are more comfortable with a higher rate if it has the comfort, conveniences, etc. they want whereas AirBnb seems a little more price-sensitive.

Understanding that you're in New York and the laws are leaned to be tenant friendly, I would still say this is the best way to go about it as a new investor.

You're never going to be 3% financing and if it cash flows, I would lean toward keeping it.