I know people that do great with $150k homes but also $650k homes each with different strategies but I do believe in the Golden Rule, location x 3. 

My other question is what is a good asset protection strategy for RE investments ?

Very few analyze the ROI of their efforts and adjust their strategy of achieving their goals at each meeting.

Great tools that get updated regularly.I am on the lending side of things and would be happy to hop on a call with you anytime to discuss financial strategies and help answer any questions you may have about nearly any loan product available to help you on your journey, even if they are not products my capital partners offer.We are all here to help you learn and grow.

I can see the misunderstanding here, but I still don't think the strategy will bear fruit over time.

there are of course more creative strategies to reduce that up front outlay, or recoup your capital, like, say, the BRRRR method. but they are time and energy intensive and certainly not hands-off. 

I have changed my rental strategy to short-term rentals and co-living (rent by room) to allow for more cash flow. 

Property was sitting on market and needed light updates (roof, flooring, paint) but was in a great area that allows STRs giving me multiple options when deciding on rental strategy How did you find this deal and how did you negotiate it?

Note this can be pro or a con depending on your strategy.

Is it the BEST strategy?