I can tell you the money is consistent however approvals, paperwork and follow up is what you would need to be good at. 

I'd love the answer to this, also, I'm not too far from you (Marco Island).  

Aloha Shay, I am on Oahu, but about 10% of my business is on the Big Island.

It is zoned single family but since the previous owner is using it as a rooming house a few things look different that I am worried about the appraiser not passing:Outside doors for each room with locks.The only common area is the kitchen, no dining room, living room, etc.The rooms consist of 5 bedrooms, 1 kitchen, and 2 bathrooms.Each room has a bed and a small drawer which I am thinking of diassembling before the appraiser comes.Would I have a problem with this?

Managing a property can be incredibly rewarding, but it does come with its fair share of challenges—especially with the recent shifts in Rhode Island legislation.In 2024 alone, 39 bills were introduced, and seven significant ones passed, including extended rental terms, mandatory fee disclosures, and other updates that every landlord should have on their radar.

You want the “how” to be complete, reasonable, consistent, and flexible.

I got about 1.2M sitting and would really like to put it to work, I only own 1 SFR in Staten Island.

The real power of single family residential comes with stable, consistent markets that chug along, have good rental base/demand and growth potential. 

Let's say you bought a property for $350k, consisting of $275k building and $75k land.

But if they are not already furnished, the answers above are consistent that having a good team on the ground (Realtor, PM, service providers, etc.) is critical.