As long as I understand the risk and mitigated the risk with sound exit strategies, I can let people live in my properties and I haven't had any losses yet.

And Sec8 sounds great, but comes with it's own issues.Add it all up you get a low dollar, but high headache strategy, which is a challenge that gets amplified, especially when you are operating remote.

Strategies that use hope, is how people get burned, bad. 

I'm finding that this strategy is helping people, building repour with people, and continuing to keep business moving forward while some say it's hard and sit on the sideline to wait until there is mass movement.Appreciate your time and reply and good to hear that you're experiencing some similar action a couple hours' drive away. 

My strategy for the foreseeable future is 'buy and hold' with long-term tenants. 

Too many strategies to address  on a post like this but I recommend you research all of the above.

Currently, I'm analyzing different markets to see which one will best match my strategy.

What are some other emerging markets maybe with a bit lower to cost to entry for a BRRRR strategy?

@Jacob Hrip For a first-time investor, financing options like a HELOC or private funding depend on your strategy and risk tolerance.

Start with $8K through FHA loans, joint ventures, private money loans, crowdfunding platforms, and BRRRR strategy.