Assuming a very conservative valuation of 60k per property (I think upstream you said they were closer to 90k or something?)

So for the conservative busy professional that just wants to buy a clean house that is the attraction to turn key..

To be conservative, I assumed rents will be on the lower end of the spectrum.

I am barely looking at them because with my underwriting (that some would consider conservative), even properties below retail bleed cash.  

Here's what I'm accounting for currently:Mortgage (P&I)InsuranceTaxesElectricWaterTrashInternetVRBO/Airbnb feesGeneral/RepairsCleaning (though these will be passed through)If i'm super conservative on my monthly rate, I will need to rent the unit 10 nights/month to break even, if I am more realistic with the rate (according to my realtor who runs two STRs), i'll need to rent it 7-8 nights/month to do so.

For all yo know there could be a conservation easement on the whole 200 acres and you could do nothing with it?

But you can leverage a bit more conservative to get the cashflow to where you want it.Multifamily is a good strategy, but not the only/best.

Most properties are landscaped with water conservation in mind and therefore you don't have the expenses or hassle of maintaining large lawns, high water bills, large tree maintenance, etc.

@Bliss HuNew real estate investors should start local with a conservative approach, focusing on areas near train stations and amenities.

Rabbu: Rabbu is a free tool to analyze STRs, but provides a significantly more conservative look than realized data, and tends to be less accurate than AirDNA.