Based on a quick answer from Perplexity it seems like there would be no issue with you buying the home and collecting passive income, but you may not be allowed to manage it yourself since that is considered active work.

I managed my own Airbnb account for the first 3 months after handing it over to Evolve.

I recommend you read some books on how to manage investments well.

However, I quickly realized this group could be challenging to manage.

Hey William, I am a real estate investor and property manager in Las Vegas as well.

There are a lot of deals he could do, but he wants to hit 80% occupancy from a Risk management standpoint before he takes on his next deal, plus get closer to retirement.

Visit the property and learn about various renovation stages, gain insights from our experienced investors / speaker, and learn strategies for evaluating deals, managing budgets, and maximizing ROI.What to expect:Property walkthroughsReview before photos and discuss transformation plansDive into real deal numbers—costs, profits, and challengesNetworking with industry prosOpen Q&A session to ask anything about the process

Ask yourself would you invest your money with an 18 year old new investor with no experience buying, or managing investment real estate? 

Basically, the further you get away from the city the more potential for cashflow, but you're also dealing with a different tenant base that may be tougher to manage.

It's been great - the property is 100% paid off and the house is worth 300-340k generating approx $2300/mo (that's after utilities/management fees etc.)I'm considering selling the property to buy 3 more within the same price range in the same market.