The core market (hole of the donut) is booming and lots of young people moving to the city center and new apartments, condos, restaurants, amenities etc.Alot of the sun-belt is experiencing alot of net-migration...versus at least some cities in the Northeast not so much. 

For the better part of two decades I've been involved in real estate in some capacity including but not limited to: mortgage & real estate broker, developer, project manager, STR owner/operator/manager, international investor and beyond. 

It really depends on you and how involved you're willing to be, especially if any of your current at-large operators don't work out.

That's why you are seeing Turbo tax is also not allowing to claim depreciation unit its put in service.But you can claim start-up expenses for your rental property upto $5K on your operating expenses.

Then I would say that the main challenge for you will be finding trustworthy, experienced operators who are going to give you repeat business and who have a track record of successful project executions. 

I own, operate, and live in the state of my LLC but I have clients all over the country/world. 

In 2020, I added wholetails, novations, and double closes to my toolkit, which allowed us to consistently achieve higher profits and scale our operations effectively.

It may work in some areas but I hope they don't get lost on their core business models. 

I've been considering the possibility of converting the property into a sober living home.Does anyone here have experience successfully operating an investment property as a sober living home?

The “purest” example of cash flow investing is the investor who signs a 10 year lease as a “master tenant” on a commercial building and operates the building generating positive cash flow through releasing the space throughout the 10 years.