@David MartinezA quick search on furnishedfinder.com shows a bunch of available midterm rentals in that area so you can use those to help guide your price and strategy.

Plus, I’ve put together a comprehensive guide to walk you through the process step by step.What’s your biggest challenge as a new host?

Like someone else said better to buy land that is already suited for use. 

I have opportunity to buy a small portfolio of performing commercial notes with LTV's less than 50%.  

Make sure you buy it low enough to make it worth the trouble.

People will rent homes in that area because they cannot yet afford to buy, but hope to buy a newer home in the future and keep the kids in the same school system and around their same friends.

I just don't want to start working with a realtor and waste time and end up with no real solid prospects for buying.

Every adult must be screened and approved, period.Here's a detailed guide on how to screen applicants: Application Screening Guide

I like the Unofficial Guide to Real Estate Investing.

My ultimate goal is to build a portfolio of cash-flowing properties to achieve financial freedom.I’m currently seeking mentors who can guide me through this journey and help me avoid common pitfalls.