I was not comfortable with the market and interest rate conditions, so I elected to hold off.

Get out of your comfort zone.

It’s better to have less rooms and to have them large enough to comfortably fit a queen bed.

@Mordechai ChaimovitzGreat points made above along with what @Daniel C. said referencing @Tom Shallcross's post on another thread.The context and variables for each individual investor will vary but many people are comfortable with getting a 2-4 unit that will reduce their out of pocket expense compared to their previous rent with the intent to do rehab and raise rents over time.

There are a lot of ways to crash and burn, so increasing the odds of succeeding long term should be your highest priority. you can always sell your local assets once you're comfortable managing rentals and ready for a market that better-suits your criteria. btw, kudos for being self-aware of your limitations.

Examples might include areas in the Midwest, Southeast, or Sunbelt regions.Multifamily Properties: Consider duplexes, triplexes, or small apartment buildings to increase unit count and spread risk across multiple tenants.Short-Term Rentals: If you’re comfortable with the management requirements, STRs in vacation or business travel markets can offer significantly higher cash flow potential than traditional rentals.Value-Add Properties: Look for opportunities to buy undervalued properties where you can force appreciation through renovations or better management.Decision FrameworkRun the Numbers: Compare the projected cash flow, equity growth, and tax implications of selling versus holding with a refinance or HELOC.

Many of my clients begin there, then transition to direct bookings once they’re comfortable.

Like most service industries, there is nothing more important than the human touch as that is what people relate to and feel comfortable with.

Risk/reward was not something I was comfortable with after looking at numbers and a few things not grandfathered in if a tenant left. 

Are you comfortable analyzing ARVs, purchase price, 70% rule, rehab costs, holding costs, etc