First, most investors and owners of real estate related businesses are in one or more of the following situations1- they’re unable to duplicate their expertise that drives the ROI and they are at their personal max capacity as to time2- they’re obtaining high ROI by use of excessive leverage 3 - they’re obtaining high ROI by taking excessive risk4- they hit correct timing in the correct market, and this is not necessarily repeatable with any probabilityIn order for an investment or business to scale, we need the ROI (on a risk adjusted basis) to be sufficient to cover a PREMIUM risk adjusted return to passive investors; all expenses of managing the assets and the business, and a significant return to the “sponsor” providing compensation to him making the work, risk and time worth while. 

I havent gotten an insurance for this and a week after close I consulted some insurance provider and he didnt offer me insurance options.

There are so many veterans who have carved nice paths in real estate investing all over the site and as guests on podcasts that you can learn from as well.

Having a solid contractor who can give you bids helps for sureLessons Learned:I have had a couple of clients out of state not fly out and see their property in person & then be disappointed about some things after closingGeneral Tips:I'm sure you are well versed in the Dallas Fort Worth market but this is a nice little tool to have https://www.areavibes.com/ this website gives you a nice overview of streets and zip codes and a total livability score. 

I think the unsuccessful and struggling units who have not jumped ship yet will continue to do so, leading to less supply, increasing demand, and a better year for the successful units. 

Do you have W-2 Income, 20% down, reserves, and a decent credit score?

I'm a Realtor with a couple properties listed in Boise, ID and a neighboring town for my investor/client that are currently rented as co-living or rent-by-the-room and getting killer income. (7.3% - 9.5% Cap rate) So far, every inquiry has been baffled by the concept of co-living or rent-by-the-room and immediately ask if they're being run as a halfway-house (which they are not).

I’ve recently talked to a property manager and a realtor for my San Diego property and found that going with a manager would put me in the hole 1k a month MINIMUM.

I am not sure it would be prudent to throw more money into this deal on a hope and a prayer.

and as they sell you continue to 1031 them back into new DSTs or back into bricks and mortar if you're tired of retirement.