Are you planning on leasing the property yourself/self-managing?

I love spending hours researching projects" - sounds like you are good at self-education.

I have seen identical properties next to each other with one producing $63k and the other $140k and the only difference is who is managing it (including self managers).

We flip, LTR, Syndicate, and have one self-managed STR.

The only reason I had to have a PM is the city I invest in requires you to have a PM if you don’t live close to the property otherwise I would have self managed.

I do self manage and it’s been fine.

One of the key features of the FHA loan was the Self-Sufficiency Test, which helped keep prices in check.

But I think it's better for a local investor that is going to be hands on and self-manage.I'd much rather invest in Detroit where I can get a SFH in the $80,000 - $90,000 range with $1,200/mo rents.

It's beneficial to target both Section 8 tenants and self-pay tenants.

If you use the $14,000, will that leave you without sufficient reserves if the AirBnb thing doesn't pan out?