Does MSO tend to stay same location like DSO groups?

One tip: don't force yourself to stay in single-family, but sticking with what you know best for now is good.

Start with locations I'm most familiar with - Spend some time on Youtube learning about the different areas, and seeing which ones I'd be comfortable living in- When narrowed down, rent an Airbnb and try to spend a week in each place- From there, start talking to some property managers and networking in the area to find opportunitiesI grew up around the metro Detroit area, so that would be a good starting point for the research, expanding out to nearby spots in the midwest like Ohio.

My recommendation - you are 30 and a family of four - continue to save money until you feel comfortable in real estate.

Your ADR will go down but occupancy should always stay above 60%, especially if you are priced right.  

So many just stayed away from it and its really just been in the last 10-20 years that that has started to really change and take hold in the architectural profession.

Are you looking to stay in the Boston area?

As you get comfortable with the operation, maybe buy and rent a couple of those as STR/MTR/or LTR. 

If your property is up to par you won't really have many maintenance calls except minor stuff such as plumbing clogs which is more likely to happen and requests to turn the AC up or down which you can do on your phone but other than that pretty hands off.Vacancy depends on location and your Padsplit property score the more comfortable you make your property (mini fridges, tv's, outdoor area) the lower your vacancy rate but you can expect about 10% vacancy factor in a Padsplit friendly area (centrally located, easy access to public transportation).

The more comfortable you need to live, the worse the numbers will be.