It's passive and the initial cost can be flexible depending on your budget.

I got my license so that I had MLS access and could have flexibility setting up my own showings for my own investments. 

Is private lending more cost effective and flexible than hard money lenders?   

Gives us more flexibility.5.

a less-experienced investor is more likely to be flexible with terms or want to come to them together. someone with more experience i'd think would already have a set of terms that works best for them and their deals. 8-12% annual interest seems to be the most common range. the security of lending to someone with more experience usually comes with a lower rate, vice versa. if you have someone you want to lend to, just ask!

Not that being out of state affects the cost in that regard, but you may find it more difficult to properly vet a manager, especially when it comes to their attitude toward residents who may need more flexibility, compassion, and patience than in a market rate building.Second, and bigger, issue is that HQS inspections are a very real thing.

After 6 years total of holding bad debt, they might be more flexible in negotiating. 

STRs can offer high rental income and flexibility, but they come with management responsibilities, regulatory challenges, and market fluctuations.

Verbal agreement is I’m part owner of the property, but we’re flexible on semantics as long as profits are divided up proportionately.

Work with a good property management company who will get co-signers from parents (parents are typically paying rents) and be flexible around subleasing, especially during summer periods because students go home and do not always stay for summer time; this can still be a 12 month lease.