However, I’ve been hesitant due to challenges like remote management, high interest rates, and low cash flow.

They are Class C properties and we've all been hit (temporarily) with interest rates.

I would search for a property that has a low interest rate Fha or VA loan.

The lock-in effect of the period from 2016-2022 when interest rates were super low, causing owners with those low rates to not want to sell? 

If interest rates go down the seller gets hosed for life.

I think most investors want to win on more than just the interest rate.

It’s also great that you already have equity in your primary residence and cash available—those are valuable resources for getting started.If you’re considering a multifamily property, house hacking could be a great way to dip your toes into investing while minimizing risks.

Another way to ask this is what is your default rate.

Will be interesting to hear what others have to say here.

Also, you could consider buying something with "hard money"; this comes at a higher interest rate, but you might be able to get into a property and either flip it or refinance it.