You might also consider house hacking or a local deal first to get some hands-on experience before managing remotely.

Now, are you planning to house-hack and live in one unit, or going full rental?

@Ryan Daulton,You don't have to buy a house in SDIRA without a loan; you can easily get a loan, but it must be non-recourse.

I’d lean Stessa assuming you’re not house hacking. 

Are you planning to house hack, or are you exploring other strategies?

@Chad Chase - I think funding a fix and flip with a HELOC from a primary house could work.

Sullivan shares data on America’s Affordable Housing Crisis.

Hi Linda,Lots of great advice from @Carla Gordon @Brian Schroeder @Jay Thomas Specifically I think it's always smart to check out FF Traveler sear https://www.furnishedfinder.com/housing/New-York/New-York) and Airbnb/VRBO for 30+ days stays to gauge what sort of similar properties are currently out there!

I only have 1 property under my belt and am currently house hacking my SFH.

It makes sense for house mates, spouses etc. to be Additional Insured on a renter's Insurance policy if they also live there and keep their stuff there (although I think anyone on the lease is typically covered anyway).