Even though the budget of the project will be about 4 times of where I was looking to start with a fix and flip, MF financing looks very encouraging and a silver lining.

With patience, resilience, and a willingness to learn from experience, you can overcome these obstacles and set yourself up for success.

@Diego L.That's actually an interesting situation and a case where revocable trust may make sense.

I live in the Las Vegas market and have investments and a real estate brokerage in Henderson.

Quote from @Polat Caglayan: How much do I need to invest for a house and a thousand dollar income?

If your looking to invest and learn about notes PPR may not be the right place as they are true mailbox $ and as passive as it gets (which is nice as well).

Larger cities offer better infrastructure, such as international airports, interstate highways, and a broader talent pool, making them attractive to businesses and tenants.Avoid Rent ControlRent control laws can hinder your ability to adjust rents to match inflation, limit tenant screening, and complicate evictions.

As more people placed more properties in STR inventory, and as more municipalities taxed and regulated the industry, the profitability of the overall industry has reverted to a much more aligned (lower) risk adjusted return.  

A little more info, I am doing a full cosmetic rehab on one of the units and a lighter one on the other but I am assuming if I am going to split the utilities I should do that prior to any rehab. 

As you embark on this adventure, it's important to equip yourself with knowledge and a solid strategy.