Longer than a year and you could consider a brokerage account to invest the money, just make sure not to take more risk than you're comfortable with. 

Monthly costs are about 2k/month including fire insurance (high risk area).

When tenants start replacing roommates, they often make mistakes and accept high-risk roommates that create problems.

More of shared-risk shared-reward structure.

Better still, using the 𝗖𝗼𝗼𝗽𝗲𝗿𝗮𝘁𝗶𝘃𝗲 𝗔𝘀𝘀𝗶𝗴𝗻𝗺𝗲𝗻𝘁 strategy, one of several types of lease options, you can do deals that are risk free and don’t require any cash out of pocket.

Thanks for a detailed reply mate however construction is very high risk proposition especially from overseas and has potential to go wrong on a lot of fronts together.

We're still not talking about significant eviction risk, or any more damage potential than normal.

Expect to work at least 60+ hours a week for the first year and make little to nothing for 6-12 months.You dont want to risk making mistakes due to inexperience or lack of knowledge by starting out on your own.

This comes down to risk tolerance Ella.

Instant reports might be fast, but they can leave you with gaps and costly tenant risks.