While the co-signers add some security, the family’s newness to the U.S. and uncertain job situation make them a higher risk overall. 

Or you might have to suck it up at that job and do real estate part time till it takes off

Lots of investment in the region as well so hopefully quality job growth will continue.

I have a property management company manage them as I have a full-time job, wife, and 2 boys.

In neighborhoods that won't attract high credit score tenants, I've found that a stable job history with a MINIMUM of 1 year at current or previous job to be the best indicator of a great tenant. 

Those in themselves are great education.Degrees won’t help you much unless you are trying to get a job at a large fund.

Misjudged the job cost (contractor error, usually results in asking for more money)2.

But really you’re just creating a second job for yourself and one that doesn’t pay very well if it even is cash flow positive at all 😆I used to buy houses for STR but now that I’ve got several STRs up and running that I bought many years ago, I stopped buying STR once mortgage rates went up and housing prices went up.

I'm a small business owner and my partner has a corporate job. 

But as said above it is not an easy job and the salaries are not great working for someone else.